_____________occur(s) when one party in a business transaction has information that is unavailable to the other parties in the transaction.
A) Profits
B) Information asymmetry
C) Information efficiency
D) Financial advantage

Question

Quizplus · Accepted Answer

Information asymmetry refers to the situation where one party has more or better information than the other parties involved in a transaction. This can lead to an unfair advantage, as the party with better information may be able to negotiate more favorable terms or exploit the knowledge to their benefit.

_____________Occur(s) When One Party in a Business Transaction Has Information