Rosemary is a sneaker collector. She visits specific stores to buy limited edition shoes but at a higher price. She can also do the same on online forums at a cheaper price but she has to visit each seller and check each shoes' condition and authenticity.

Select the item from the list provided to make the following statements true.

Rosemary's number of search is optimal when her expected value of marginal benefit for searching is__her marginal cost of searching.

The stores can charge a higher price because they are official sellers and are guaranteed by sneaker brands. This is an example of__.

Rosemary's career is on collecting and trading these sneakers. Compared to Rachel who works as a clerk at a law firm and also collects and trades limited edition sneakers, Rosemary will spend__to Rachel.

1. less than
2. less time looking compared
3. asymmetric information
4. equal to
5. more than
6. equal amount of time looking as compared
7. adverse selection
8. costly to fake principle
9. more time looking compared
10. moral hazard
11. exactly thrice the amount of time looking compared
12. twice of