Principles of Economics (12th Edition)
12th Edition
ISBN: 9780134078779
Author: Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher: PEARSON
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Chapter 17, Problem 2.1P
To determine
How imperfect information problems such as adverse selection and moral hazard might affect various markets or situations.
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How can you help make information more pertinent to
your audience and increase your chances of
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a. Prioritise the information needed and
get rid of what is not needed
b. Incorporate knowledge management
systems
c. Be sure all information is ethical
d. Send the information to as large an
audience as possible
e. Send the information through several
channels
Explain the importance of information in gaining insights about the marketplace and customers.
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Principles of Economics (12th Edition)
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