Answer the questions below and submit your answer As a short-answer essay, your response should be focused and based on course-taught concepts rather…

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Answer the questions below and submit your answer As a short-answer essay, your response should be focused and based on course-taught concepts rather than opinion, and always written in your own words. Using bullet-points is acceptable where appropriate. (Note that more content may be necessary to answer some questions with adequate depth, while others can be answered briefly. It’s up to you to discern how much is enough, but usually a half page is plenty. See the grading rubric posted below for more guidance.)

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Option #2: (a) In general, discuss the relationship between information and price; (b) Describe how search, experience, and credence attributes impact pricing decisions.

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