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Ganezh [65]
3 years ago
10

Consumers will willingly make less-informed decisions: a. ​ if information costs are less than the perceived benefits of gatheri

ng information. b. ​ since ignorance always leads to bliss. c. ​ whenever acquiring more information requires sacrifice. d. ​ if information costs are greater than the perceived benefits of gathering information.
Business
1 answer:
ikadub [295]3 years ago
7 0

Answer:

The correct answer is option d.

Explanation:

In a perfectly competitive market, it is assumed that the buyers and sellers have perfect information and take their economic decisions accordingly. But in reality, buyers and sellers do not have perfect information.

Information comes at a cost, which can sometimes be high. The rational decisions of the consumers without full information can lead to irrational outcomes.

If the cost of gathering information is less than or equal to the benefit earned from the information, the consumers will gather information and make fully informed decisions.  

But if the cost is higher than the benefits, the consumers will not gather information and make a less informed decision.

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andriy [413]

Answer:

C. additional information

Explanation:

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In business, the data that companies take through questionnaires is made in order to read the market's trends or customers' general preference. In order for the data to be usable, the companies need to be able to differentiate subjects based on different characteristics (such as age, gender, income level, etc). All of this information is filled under the additional information box on every files.

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Answer:

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Explanation:

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3 years ago
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Arturiano [62]

Answer:

D

Explanation:

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3 years ago
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DiKsa [7]

Answer:

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Explanation:

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Answer:

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Explanation:

I hope it helps..

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