Information asymmetry happens when one party knows more relevant information than another,often placing one at a serious disadvantage.

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Information asymmetry refers to a situation where one party has access to more information than another party, creating an imbalance of power and potentially leading to unfair or inefficient outcomes. This can occur in various contexts, such as in financial markets, healthcare, employment, or consumer transactions.

Information Asymmetry Happens When One Party Knows More Relevant Information