Asymmetric,or private,information:
A)is an important explanation of the variation (or asymmetric performance)of individuals on standardized tests.
B)refers to personal information (e.g. ,regarding gender or ethnicity)that a person is not obligated to reveal on a job application.
C)is relevant for an economic transaction and is known only by some of the people involved in the transaction.
D)is protected by patents or copyrights.

Question

Quizplus · Accepted Answer

Asymmetric, or private, information refers to information that is relevant for an economic transaction and is known only by some of the people involved in the transaction. This can lead to one party having an advantage or disadvantage in the transaction due to their possession or lack of possession of the information.

Asymmetric,or Private,information