1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
hjlf
3 years ago
15

Imagine consumers are fooled into thinking that a good is better than it really is. This means that the true, full-information d

emand curve is located to the _______ of the asymmetric information demand curve, and consumers will purchase ________ than what they really would have purchased.
Business
1 answer:
Ivahew [28]3 years ago
7 0

Answer:

Imagine consumers are fooled into thinking that a good is better than it really is. This means that the true, full-information demand curve is located to the ___left____ of the asymmetric information demand curve, and consumers will purchase ___more_____ than what they really would have purchased.

Explanation:

The existence of asymmetric information implies that one party in a business transaction possesses information that the other party lacks. This causes the market to fail because the correct price for the product or service cannot be set based on the forces of supply and demand.  If consumers have full information, their demand curve will be skewed to the left, meaning that less of the product will be demanded.

You might be interested in
Two or more products are produced using limited resources. The firm would like to determine how many units of each product it sh
inysia [295]

Answer: Product-mix

Explanation:

From the given case/scenario, we can state that this situation describes the problem of product-mix. Product mix that is also known as or referred to as product assortment, tends to refer to total number of product/commodity lines that an organization offers to an individual or to its customers.There are four dimensions to an organization's product mix, these are length, width, consistency and depth.

3 0
3 years ago
The cost of traveling on a bus,plane,or subway
Ivahew [28]
The cost of traveling on a bus, plane or subway is very cheap.
6 0
3 years ago
If you invested $250 at 16% how much will have after 4.5 years
Iteru [2.4K]

Answer:

$180

Explanation:

$250 * 0.16 * 4.5 = $180

6 0
2 years ago
Read 2 more answers
Why is it important to use the right strategies to beat competition?:​
Cloud [144]

Answer:

Therefore, competitive strategy is essential for the survival of the product in the market. Having a new competitive strategy to beat rival companies or their products by renaming or redesigning their products will help the company to be more profitable and create an image new on the market.

3 0
3 years ago
Agent joh rogers is planning a formal marketing/sales event and has decided to place an adbertisment in the locla paper. what di
Nina [5.8K]

If Agent John Rogers has decided to run an ad in the neighborhood paper in advertisement with a formal marketing/sales event. Then he must specify that attendees without enrollment obligations may contact 555-555-1234 TTY to request accommodations for those with special needs at sales sessions.

The strategies and actions utilized in advertising are those that aim to draw attention to certain goods, services, viewpoints, or causes with the intention of influencing the public to act in a particular way. The majority of advertising promotes a product that is available for purchase, but comparable techniques are also employed to persuade people, among many other things, to drive defensively, donate to charity, or cast ballots for particular candidates.

The most significant source of revenue for the media outlets through which it is carried out is often advertising (such as newspapers, magazines, or television stations). Advertising has grown to be a significant and significant service industry in the noncommunist world.

Learn more about advertisement here

brainly.com/question/3163475

#SPJ4

7 0
2 years ago
Other questions:
  • What is the main job of the president of the us?
    15·2 answers
  • Kilgore Company makes and sells a single product. Kilgore incurred the following costs in its most recent fiscal year: Cost Item
    12·1 answer
  • When no-par stock is issued, the entire proceeds are credited to Capital Stock and this amount is viewed as legal capital not su
    6·1 answer
  • Anheuser-Busch, InBev NV, the maker of Bud Light, proposed a merger with Modelo, the maker of Corona. At the time of the propose
    13·1 answer
  • A small factory produces toilet paper. The annual demand is 360,000 units, and the company produces toilet paper in batches. On
    9·1 answer
  • d $22000 for her dream vacation. If she is able to earn 9% per annum on an investment, how much will she need to set aside at th
    14·1 answer
  • An airport in Japan is planning to purchase a parcel of land for building additional executive hangars in five years. The price
    14·1 answer
  • You are the project manager for Fun Days Vacation Resorts. Your new project assignment is to head up the Fun Days resort opening
    9·1 answer
  • Obama drives up​ miles-per-gallon requirements Emissions from all new vehicles must be cut from 354 grams to 250 grams. To meet
    11·1 answer
  • Over the first four years of a company's life, it earned the following net income (loss):______.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!