[Solved] Why was YouTube developed? A)to make it easier to share videos B)to give movie and television studios a site to promote their products C)as a file-sharing service for pirated videos D)as a distribution system for pornography Risk-averse: A description of an investor or decision-maker who prioritizes minimizing risk over achieving potentially higher gains. Certain Payoff: A guaranteed outcome or return from an investment, where the investor has absolute certainty over the amount to be received. Asymmetric Information: A situation in which one party in a transaction has more or superior information compared to another. Market Failures: Situations in which the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss.