Which of the following refers to any disparity in relevant market information among parties in a transaction?
A) information asymmetry
B) unfair competitive advantage
C) imperfect competition
D) dynamic pricing

Question

Quizplus · Accepted Answer

Information asymmetry refers to any disparity in relevant market information among parties in a transaction. In such a situation, one party has more or better information than the other, which can lead to an uneven balance of power and potentially unfair outcomes. The other options are not relevant to this definition.

Which of the Following Refers to Any Disparity in Relevant