What problem preventing complete contracts refers to a lack of transparency/equal access to the details surrounding a contract?
A)Agency costs
B)Bounded rationality
C)Performance measurement difficulties
D)Asymmetric information
E)Contract body of law

Question

Quizplus · Accepted Answer

Asymmetric information refers to a situation where one party has more or better information than the other party. In the case of incomplete contracts, one party may have access to certain details about the contract that the other party does not, leading to a lack of transparency and equal access.

What Problem Preventing Complete Contracts Refers to a Lack of Transparency/equal