Symmetric information occurs when both buyers and sellers have imperfect information.

Name: Symmetric information occurs when both buyers and sellers have imperfect information.
Brand: Quizplus
Rating: 5.0 (35 reviews)

Question

Quizplus · Accepted Answer

Symmetric information occurs when both buyers and sellers have perfect information, meaning both parties have the same level of knowledge about the product or service being exchanged. When both parties have imperfect information, it is known as asymmetric information.

Symmetric Information Occurs When Both Buyers and Sellers Have Imperfect