Asymmetric 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)refers to information that would be relevant for an economic transaction and that is known only by some of the people involved in the transaction.
D)is information that is protected by patents or copyrights.

Question

Quizplus · Accepted Answer

Asymmetric information refers to information that would be relevant for an economic transaction and that is known only by some of the people involved in the transaction. This can lead to one party having an advantage over the other due to their possession of information.

Asymmetric Information