Asymmetric information occurs if John,who is buying Kim's used Toyota Corolla,has the same amount of information as Kim.

Name: Asymmetric information occurs if John,who is buying Kim's used Toyota Corolla,has the same amount of information as Kim.
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Quizplus · Accepted Answer

Asymmetric information occurs when one party in a transaction has more or better information than the other party. Therefore, if John had the same amount of information as Kim about the used Toyota Corolla, there would be no asymmetric information.

Asymmetric Information Occurs If John,who Is Buying Kim's Used Toyota