This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: 10. What types of externalities arise under monopolistic competition? 11. Is advertising good or bad? What are some arguments in favor of and against advertising? 12. Is creating brand names god or bad? What are some arguments in favor of and against this phenomenon? 13. What is asymmetric information? 14. What are hidden actions? What are hidden attributes? 15. What is moral hazard? 16. What are principal-agent problems? What are some ways to deal with them? 17. What is adverse selection? What are some ways to deal with it? 18. What is screening? 19. What is signaling? Additional chapters covered since Exam 3: Chapter 17 and part of Chapter 22 titled Asymmetric Information...
View Full Document