Relating to the Economics in Practice on page 362: The smart phone app which allows skiers at a slope to report weather conditions to others would lessen the problem of
A) moral hazard.
B) market signaling.
C) asymmetric information.
D) risk-loving.

Question

Quizplus · Accepted Answer

The smart phone app reduces the problem of asymmetric information by allowing skiers to share real-time weather conditions, making information more symmetric among users.

Relating to the Economics in Practice on Page 362: the Smart