Grant owned a small chain of hotels in a city with much larger chains. He found he had trouble booking all his rooms because their availability sometimes got lost in the glut of information available to consumers. This is an example of how ________ can affect markets.

Question

Quizplus · Accepted Answer

Incomplete information affects markets by making it difficult for consumers to find or be aware of all available options, as illustrated by Grant's hotels struggling to book all rooms due to their availability being overshadowed by larger chains.

Grant Owned a Small Chain of Hotels in a City