In which of the following markets are buyers likely to have private information?
A) The market for used cars
B) The market for fresh fruits and vegetables
C) The market for banking services
D) The market for health insurance

Question

Quizplus · Accepted Answer

Buyers in the health insurance market are likely to have private information about their health status, which can affect the price they are willing to pay for insurance.

In Which of the Following Markets Are Buyers Likely to Have