_____ is when one party in a transaction knows more than another.
A) The principal-agent problem
B) Rational self-interest
C) Asymmetric information
D) Skin-in-the-game

Question

Quizplus · Accepted Answer

Asymmetric information 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.

_____ Is When One Party in a Transaction Knows More