Which of the Following Relationships Involves Asymmetric Information

question 52

Multiple Choice

Which of the following relationships involves asymmetric information?

• A)Patients can look up information regarding certain prescription drugs giving them the same information as their doctors.
• B)Consumer Reports allows customers of DVD players to know as much about the quality of various players as the store salesperson.
• C)Car Fax allows car buyers to obtain used-vehicle histories providing them with the same information as the dealership salesperson.
• D)The batter in a baseball game must guess whether the pitcher is going to throw a fastball, curveball, or change-up.

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Definitions:

Operational Planning

The process of planning short-term strategies and actions that support a company's overall objectives and strategic plan.

E-mails

Electronic messages sent over a computer network, typically the internet, from one user to another.

SWOT Analysis

A tool for strategic planning that helps in identifying the Strengths, Weaknesses, Opportunities, and Threats associated with competition in business or planning of projects.