Asymmetric Information Means That

question 4

Multiple Choice

Asymmetric information means that

• A) the buyer must have information that the seller does not have.
• B) the seller must have information that the buyer does not have.
• C) the buyer and seller have the same information.
• D) either the buyer has information that the seller does not have or the seller has information that the buyer does not have.
• E) None of the above answers is correct.

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