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The notion of a market for information, unlike markets for agricultural commodities, transportation services and so on, may be unfamiliar to most people. A main

The notion of a market for information, unlike markets for agricultural commodities, transportation services and so on, may be unfamiliar to most people. A main reason for this is that information is a very complex commodity.

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  1. Give three ways that we can think about the quantity of information and explain each briefly.

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