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  • Card 13 / 24:
    For each of the following purchases, say whether you would expect the degree of imperfect information to be relatively high or relatively low:

    Buying apples at a roadside standBuying dinner at the neighborhood restaurant around the cornerBuying a used laptop computer at a garage saleOrdering flowers over the Internet for your friend in a different city

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Source:  OpenStax, University of houston downtown: microeconomics. OpenStax CNX. May 28, 2014 Download for free at http://legacy.cnx.org/content/col11651/1.2
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