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Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498 Exercise 22
In which of the following situations is an infor mation asymmetry likely to cause problems?
a. Parents know more than their children about how to write a good college application.
b. People who book hotel rooms online know less about the quality of the room they are reserving than the hotel's management.
a. Parents know more than their children about how to write a good college application.
b. People who book hotel rooms online know less about the quality of the room they are reserving than the hotel's management.
Explanation
Verified
Verified
Information asymmetry:
Asymmetric infor...
Economics 1st Edition by Dean Karlan,Jonathan Morduch
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