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What is asymmetric information?
Monetary Damages
Money claimed by or ordered paid to a party to compensate for injury or loss caused by the wrong of the opposite party.
Lemon Laws
Statutes that provide remedies to consumers for products, typically vehicles, that repeatedly fail to meet standards of quality and performance.
Defective Parts
Components or elements of a product that are faulty, flawed, or do not meet specified standards of quality.
Punitive Damages
Monetary compensation awarded to a plaintiff that exceeds simple compensation and is intended to punish the defendant for egregious behavior.
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