What Characteristic Best Describes Asymmetric Information

question 70

Multiple Choice

What characteristic best describes asymmetric information

• A)It is rare in economic transactions, but it is common in other aspects of life.
• B)It can take the form of a hidden action or a hidden characteristic.
• C)It always involves an employer-employee relationship.
• D)It is a larger problem for firms than for consumers.

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Definitions:

Personal Recommendations

Advice or suggestions provided by an individual based on their personal opinions, experience, or expertise.

Internal Recruitment

The process of filling job vacancies within an organization by considering current employees for promotion or transfer to the new position.

Managers' Recommendations

Advice or suggestions provided by managers, usually aimed at improving performance, processes, or decision-making within an organization.

Recruiting Websites

Online platforms or services that facilitate the matching of employers with potential employees.