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| Topic: |
Business
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| Number of pages / Number of words: |
8 / 2022 |
Essay's paper body
For most people, it is complicated enough just to find and understand a company’s privacy policy online, and even more difficult to monitor the company’s use of personal information in order to determine whether violations have occurred. With privacy, negative externalities are created by the large information asymmetries that exist between companies and consumers (Sholtz)...
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With privacy, negative externalities are created by the large information asymmetries that exist between companies and consumers (Sholtz). In general, an individual consumer is not fully aware about how a company will use the personal information it collects from him or her. Consumers will rarely learn of any violations directly, so the company can often get away with using personal information in ways that consumers would not have considered or prevented...
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