Socially inefficient outcomes are possible when
A) uninformed parties want to avoid opportunistic behavior by informed parties.
B) informed parties engage in opportunistic behavior against uninformed parties.
C) those in charge are risk neutral.
D) workers do not own the firm.

Question

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The Answer of Socially inefficient outcomes are possible when
A) uninformed parties want to avoid opportunistic behavior by informed parties.
B) informed parties engage in opportunistic behavior against uninformed parties.
C) those in charge are risk neutral.
D) workers do not own the firm.

Socially Inefficient Outcomes Are Possible When