The functionalist argues that a consumer does not have sufficient knowledge to judge the effectiveness of sophisticated treatments.This refers to the issue of __________.
A)restricted entry
B)misallocated supply
C)lack of price competition
D)product uncertainty
E)norms of treatment

Question

Quizplus · Accepted Answer

The functionalist argument emphasizes the problem of product uncertainty, where consumers lack the knowledge or information to judge the effectiveness or quality of complex treatments, products or services.

The Functionalist Argues That a Consumer Does Not Have Sufficient