Information Asymmetry in Markets Where Information Asymmetry Exists, There Can

question 314

Essay

Information asymmetry In markets where information asymmetry exists, there can be adverse selection and moral hazard.Explain what these terms mean.

---

Definitions:

Picture Style

A predefined set of parameters that adjusts the appearance of images in photography or digital editing software.

Sketched

The act of drawing or outlining a design or idea quickly without much detail as a preliminary to further work.

Macro Button

A user-interface element that triggers automation of tasks in software applications, programmed through macros.

Group Shapes

A feature in graphic design software that allows multiple shapes to be combined and manipulated as a single object.