NO.PZ2019042401000026
问题如下：
Which of following situation least describes a situation of search frictions？
选项：
A.It is difficult to find someone to understand/purchase a complicated structured credit product.
B.It is difficult to find buyers with sufficient capital to purchase multimillion dollar office towers in major metropolitan areas.
C.Only certain types of investors with sufficient capital, expertise,and experience can transact.
D.Asymmetric information can be a type of search friction.
解释：
C is correct.
考点：search friction
解析：search friction指的是我们很难找到交易对手方由于我们的产品过于复杂懂得人很少，或者我们买的东西很贵一下子很难找到能负担起那么大费用的买家。信息不对称也会是一种seach friction因为由于信息不对成我们我们只能去寻找一些非掠夺性的交易对手。所以A、B、D都是关于search friction的。
C的说法不是关于search friction，C说的是clientele effects。
掠夺性交易对手是具体指什么？
今年的讲义对这6个原因的解释都删减了很多？（讲义202页）
