Examlex
Atoms of the same element with different mass numbers are called
Asymmetric Information
A situation where one party in a transaction has more or better information than the other, often leading to an imbalance in power or unfair advantage.
External Agency
An outside organization or group that provides services or support for another entity's objectives.
Equilibrium Price
The price at which the quantity of goods demanded by consumers equals the quantity of goods supplied by producers, leading to market stability.
Adverse Selection
A situation in which asymmetric information leads one party in a transaction to make unfavorable selections, often seen in insurance markets where individuals with higher risks are more likely to purchase insurance.
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