Some lawyers accept fees on a contingency basis rather than the conventional hourly rate. Under the contingency fee, the lawyer receives a share of the client's winnings in court. Which concept of asymmetric information does this illustrate?
A) Screening.
B) Signaling.
C) Contingent contract.
D) a and b.
E) b and c.

Question

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The Answer of Some lawyers accept fees on a contingency basis rather than the conventional hourly rate. Under the contingency fee, the lawyer receives a share of the client's winnings in court. Which concept of asymmetric information does this illustrate?
A) Screening.
B) Signaling.
C) Contingent contract.
D) a and b.
E) b and c.

Some Lawyers Accept Fees on a Contingency Basis Rather Than