Information asymmetry is a situation in which:
A)people have good enough information to make acceptable choices, but not complete information.
B)complete information is not possible to obtain.
C)the lack of information in a market prevents it from existing.
D)one person knows more than another.

Question

Quizplus · Accepted Answer

Information asymmetry occurs when one party in a transaction has more or better information than the other party. This can lead to an imbalance in the transaction, where the party with more information has an advantage.

Information Asymmetry Is a Situation in Which