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Rational utility maximizer - PowerPoint PPT Presentation

Most importantly, markets are efficient only if participants have full and perfect information about the goods they are

Most importantly, markets are efficient only if participants have full and perfect information about the goods they are buying. This is obviously not always the case, however; some products are simply too complex for anyone but an expert to understand them. .

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Rational utility maximizer - PowerPoint PPT Presentation

Most importantly, markets are efficient only if participants have full and perfect information about the goods they are