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Give an example of asymmetric information. Explain why asymmetric information leads to market failure.
Amplitude
In physics, it refers to the maximum extent of a vibration or oscillation, measured from the position of equilibrium.
Brightness
The perception of light intensity, often described in terms of the amount of light emitted or reflected by an object.
Colour
The characteristic of visual perception described through categories with names such as red, blue, yellow, etc., primarily caused by the spectrum of light interacting with the photoreceptor cells of the eye.
Saturation
The intensity or purity of a color, indicating the absence of white light.
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