QUESTION 29Which of the following help to correct for the market failure of imperfect information?truth-in-advertising regulationsused car warrantiesmedical licensingAll of these are correct.QUESTION 30Because public goods are characterized by being collectively consumed,they are illegal.they are very expensive; thus the private sector cannot provide them.the government cannot produce them.the private sector may not provide them because they cannot exclude those who do not pay.

"Since you have posted multiple questions, the answer to the first one will be provided as per the…

QUESTION 29 Which of the following help to correct for the market failure of imperfect information? O truth-in-advertising regulations used car warranties medical licensing O All of these are correct.

QUESTION 29 Which of the following help to correct for the market failure of imperfect information? O truth-in-advertising regulations used car warranties medical licensing O All of these are correct.

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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