How does imperfect information about product prices create market failure? Will too much or too little output

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How does imperfect information about product prices create market failure? Will too much or too little output be forthcoming in markets in which buyers do not know the prices charged by all sellers of the good?

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Managerial Economics Foundations of Business Analysis and Strategy

ISBN: 978-0078021909

12th edition

Authors: Christopher Thomas, S. Charles Maurice

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Question Posted: Feb 24, 2020 09:01 AM

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How does imperfect information about product prices create market failure? Will too much or too little output

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All of us experience information deficits which can often lead to a misallocation of resources and h...View the full answer

Managerial Economics Foundations of Business Analysis and Strategy

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