QUESTION 29Which of the following help to correct for the market failure of imperfect information?truth-in-advertising regulationsused car warrantiesmedical licensingAll of these are correct.QUESTION 30Because public goods are characterized by being collectively consumed,they are illegal.they are very expensive; thus the private sector cannot provide them.the government cannot produce them.the private sector may not provide them because they cannot exclude those who do not pay.

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QUESTION 29 Which of the following help to correct for the market failure of imperfect information? O truth-in-advertising regulations used car warranties medical licensing O All of these are correct.

QUESTION 29 Which of the following help to correct for the market failure of imperfect information? O truth-in-advertising regulations used car warranties medical licensing O All of these are correct.

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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