Asymmetric Information Is a Situation Where

Asymmetric information is a situation where:

A) there is an increased tendency to take risks because others will pay some of the potential costs associated with taking such risks.
B) one party in an exchange has better information than the other party.
C) the acquisition of reliable information about a product or resource helps someone make a more informed decision on a purchase or sale.
D) both parties have reliable information but one is able to maximize the outcome at the expense of the other.