What is the opportunity cost of taking an unfair advantage in a deal when you have more information than the other party involved?
A)Likely nothing if the transaction is only taking place once.
B)Building a reputation for being untrustworthy if the deal is likely to be repeated.
C)Future deals may not occur or may come at a much higher cost.
D)All of these are true.

Question

Quizplus · Accepted Answer

The opportunity cost of taking an unfair advantage in a deal when you have more information than the other party involves potential reputational damage, making future deals less likely or more costly, and encompasses all the consequences listed in the options.

What Is the Opportunity Cost of Taking an Unfair Advantage