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real-world markets: a. provide no mechanism for solving informational problem b. often involve deception, cheating, and...

real-world markets:
a. provide no mechanism for solving informational problem

b. often involve deception, cheating, and inaccurate information

c. ensure that sellers will always be honest and provide accurate information because those who are dishonest or provide inaccurate information to go out of business

d. can operate efficiently only if government takes steps to correct informational problems
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Answer #1

Real-world markets often involve deception , cheating and inaccurate information. Hence, option(B) is correct.

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