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motikmotik
3 years ago
8

How important are markets in providing information in the economy?

Social Studies
1 answer:
VMariaS [17]3 years ago
6 0

Answer:

Prices convey important information to guide resource allocation. ... If such information asymmetry is not resolved, no transaction will take place because the buyer may offer too low a price to discount the uncertain quality. Or the transactions would result in unhappy buyers.

Explanation:

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