How does information affect consumer decision-making?

		Consumers make decisions solely based on their preferences, without considering information.
		Information has a negligible impact on consumer decisions.
		Consumers rely on information to make informed choices about products and services.
		Consumers are not capable of processing and utilizing information effectively.

What is the impact of information on market competition?

		Availability of information enhances market competition.
		Information reduces market competition by promoting monopolistic practices.
		Information has no impact on market competition.
		Market competition depends solely on price, not on information.

What is one of the most well-known results in economics that relies on the assumption of agents having necessary price information (Jensen paper)?

		The Law of Supply and Demand
		The Law of Diminishing Marginal Utility
		The First Fundamental Theorem of Welfare Economics
		The Law of Comparative Advantage

What is the potential impact of improving access to information on market performance and welfare (Jensen paper)?

		It may lead to increased price differences and market inefficiencies.
		It may discourage trade and reduce market competition.
		It may have no significant effect on market outcomes.
		It may reduce price dispersion, allocate goods more efficiently, and increase welfare.