In a market with ________,one side of the market has private information that is relevant for the other side.
A) asymmetric information
B) perfect competition
C) monopolistic competition
D) positive externalities

Question

Quizplus · Accepted Answer

In a market with asymmetric information, one side of the market (usually the seller) has access to private information that the other side (usually the buyer) does not have. This information can significantly affect the outcome of the transaction and can lead to market inefficiencies.

In a Market with ________,One Side of the Market Has