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Information Economics MCQ

Service ________ means that a firm cannot store its services.

Answer

Correct Answer: Perishability

Note: This Question is unanswered, help us to find answer for this one

Increases in productivity are difficult to achieve if __________.

Answer

Correct Answer: The task is more personal

Note: This Question is unanswered, help us to find answer for this one

________ occurs when one agent in a transaction knows about a hidden characteristic of a good.

Answer

Correct Answer: Adverse selection

Note: This Question is unanswered, help us to find answer for this one

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