Asymmetric Information

question 185

Multiple Choice

Asymmetric information

• A)is not an area of current research in economics.
• B)can take the form of a hidden action or a hidden characteristic.
• C)explains Arrow's impossibility theorem.
• D)is uncommon in corporate management.

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Definitions:

Ace Of Hearts

A playing card in the heart suit, regarded as either the highest or lowest depending on the game.

Comma Splice

A grammatical error involving the incorrect use of a comma to join two independent clauses without a conjunction.

PBS

Public Broadcasting Service, a non-commercial, public American television network known for educational and quality programming.

Run-on

In writing, a run-on sentence occurs when two or more independent clauses are connected improperly, usually lacking proper punctuation or conjunctions.