Business, 02.04.2021 20:10, kyleejokow

This graph illustrates the marginal costs and marginal benefits of acquiring information before making a major purchase. Suppose the marginal cost and marginal benefit curves were MC0 and MB0 several decades ago. However, because information about this product is now available online, the: • A) optimal amount of information will decrease.
• B) optimal amount of information will increase.
• C) optimal amount of information will stay the
same, but it will cost less to acquire.
• D) demand for information will increase.

Answers: 3

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This graph illustrates the marginal costs and marginal benefits of acquiring information before maki...