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karamvir19 karamvir19
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7 months ago

If fewer cigarettes are consumed with symmetric information than asymmetric information, it follows that



with asymmetric information the demand for cigarettes is lower than with symmetric information.



with symmetric information the demand for cigarettes is lower than with asymmetric information.



the demand for cigarettes is the same with or without asymmetric information.



there are more free riders with asymmetric information than symmetric information.



There is not enough information to answer the question.

Textbook 
Economics

Economics


Edition: 12th
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amandashimkusamandashimkus
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7 months ago
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