According to economic theory,good information is not necessary for a market to work efficiently.

Question

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Good information is essential for the efficient functioning of a market. Without accurate and reliable information, buyers and sellers cannot make informed decisions, leading to market failures and inefficiencies. Information asymmetry can cause one party to take advantage of the other, resulting in unequal outcomes and suboptimal results for the market as a whole. Therefore, economic theory recognizes the importance of information in ensuring that markets operate as efficiently as possible.

According to Economic Theory,good Information Is Not Necessary for a Market