A realtor knows more than the buyer about a house the realtor's selling.What is this an example of
A) an information asymmetry; specifically, it is an example of a hidden action
B) an information asymmetry; specifically, it is an example of a hidden characteristic
C) a hidden action; specifically, it is an example of a hidden characteristic
D) a hidden characteristic; specifically, it is an example of a hidden action
Correct Answer:
Verified
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A)when
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Q9: Which relationship involves asymmetric information
A)An employee knows
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Q14: A seller of a used car knows
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