In what type of industry structure can information search be almost eliminated?
A)Perfect competition
B)Monopoly
C)Monopolistic competition
D)Both A and B are correct.
E)Both B and C are correct.

Question

Quizplus · Accepted Answer

In perfect competition and monopoly, there is no need for information search because the price and quantity are determined by the market or the monopolist.

In What Type of Industry Structure Can Information Search Be