Some people make purchases without complete information because:
A) they are irrational.
B) the opportunity cost of getting more information outweighs the benefit of having more information.
C) the benefit of having more information outweighs the opportunity cost of acquiring it.
D) No one makes purchases without complete information.

Question

Quizplus · Accepted Answer

Some individuals may weigh the cost of acquiring more information against the value of their time and decide it is not worth the effort. In some cases, they may also place a higher value on the benefit of making the purchase quickly rather than waiting to gather more information.

Some People Make Purchases Without Complete Information Because