________ is best described as a situation in which one party is more informed than another, because of the possession of private information.
A) Information governance
B) Information asymmetry
C) Information deregulation
D) Information piracy

Question

Quizplus · Accepted Answer

Frequently, sellers have better information about products and services than buyers, which in turn creates information asymmetries, situations in which one party is more informed than another, because of the possession of private information.

________ Is Best Described as a Situation in Which One