Asymmetric information means

Question

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Asymmetric information refers to a situation where some market participants have more information than others. This could arise, for example, in a market where sellers know more about the quality or condition of the product they are selling than the buyers do. The presence of asymmetric information can lead to market inefficiencies and failures, as some parties may be able to exploit their informational advantage to gain an unfair advantage or engage in harmful behaviors.

Asymmetric Information Means