When one person knows more than another,it creates a situation:
A)called information asymmetry.
B)in which the transaction is always regretted.
C)in which the transaction will not occur.
D)called information dominance.

Question

Quizplus · Accepted Answer

When one person knows more than another, it creates a situation of information asymmetry. This means that one party has more information than the other party in a transaction, which can lead to an unfair advantage for the party with the most information. This can lead to a variety of outcomes, including the transaction not occurring or one party regretting the transaction. Information asymmetry is a common occurrence in many different types of transactions, including those involving financial investments, employment, and consumer goods.

When One Person Knows More Than Another,it Creates a Situation