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Exhibit 14.2 -Refer to Exhibit 14.2,which Shows the Marginal Cost and the Marginal

Question 60

Multiple Choice

Exhibit 14.2
Exhibit 14.2 -Refer to Exhibit 14.2,which shows the marginal cost and the marginal benefit of information curves.I<sub>p</sub> reflects _____ A) that marginal benefit equals the marginal cost. B) that the value of additional information is zero. C) that the marginal cost is zero. D) adverse selection. E) that all information is costly.
-Refer to Exhibit 14.2,which shows the marginal cost and the marginal benefit of information curves.I_p reflects _____

A) that marginal benefit equals the marginal cost.
B) that the value of additional information is zero.
C) that the marginal cost is zero.
D) adverse selection.
E) that all information is costly.

Correct Answer: