In economics, the term for the situation where buyers and sellers have different information is "asymmetric information."

Name: In economics, the term for the situation where buyers and sellers have different information is "asymmetric information."
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Asymmetric information refers to a situation where one party in an economic transaction has more information than the other party. This can lead to market failures and inefficiencies.

In Economics, the Term for the Situation Where Buyers and Sellers