Information asymmetries enable some firms to have an edge over others.

Question

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Information asymmetries refer to situations where one party has more or better information than the other party. In the context of firms, this can mean that some firms have an advantage over others because they have access to information that their competitors do not. This can give them an edge in areas such as pricing, product development, or strategic decision-making.

Information Asymmetries Enable Some Firms to Have an Edge Over