When people are fully informed about the choices that they and other relevant economic actors face, we say they:
A)have complete information.
B)will always try to hide that information to gain advantage.
C)will always be willing to go through with the transaction.
D)have relevant information.

Question

Quizplus · Accepted Answer

Complete information refers to a situation where all participants in an economic transaction possess all the relevant information about the transaction.

When People Are Fully Informed About the Choices That They