3.3 [Related to the Economics in Practice on p. 390] The issue of asymmetric information in news...

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3.3 [Related to the Economics in Practice on p. 390] The issue of asymmetric information in news reporting has acquired greater importance in the age of the Internet. In 2013, the Oxford Internet Survey reported that traditional media like TV and the radio ranked lower than the Internet when it came to how much people trusted their news sources. Use the concept of asymmetric information to explain the relative apparent reliability of the Internet in news reporting.

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Principles Of Microeconomics

ISBN: 9780691150093

13th Global Edition

Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster

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