12. Only few tourist destinations are well-known in each country despite the fact that many other (possibly

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12. Only few tourist destinations are well-known in each country despite the fact that many other (possibly better) destinations are available but they are not often visited. What could be the explanation? 13. What is an information cascade? Explain with examples.

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Microeconomics

ISBN: 9781292214351

2nd Global Edition

Authors: Daron Acemoglu, David Laibson, John List

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