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After Penny broke up with her boyfriend,he texted some teammates from the track team about some private and intimate moments he and Penny had shared while they were dating.He even lied about their breakup,creating rumors about her behavior.Penny started getting inappropriate looks and advances from the team whenever she was at practice and felt completely humiliated.Penny is a victim of ________.
Asymmetric Information
A situation in which one party in a transaction has more or better information than the other, often leading to an imbalance in power and potentially unfair outcomes.
Defective Used Cars
Cars that have been previously owned and have hidden defects not immediately apparent to buyers.
Potential Buyers
Individuals or entities that are considered likely or able to purchase a product or service based on their interest, needs, or financial capability.
Moral Hazard
The situation where one party engages in risky behavior because it knows another party bears the consequences or risks.
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