Answered

Asymmetric information exists when Group of answer choices neither party to an exchange is knowledgeable about the quality of the good being exchanged. a good that is either nonrivalrous or nonexcludable is being sold on a market. both parties to an exchange have all relevant facts about that exchange. the two parties to an exchange differ in what they know about the good being exchanged.

Answer :

Answer:

The correct answer to the following question will be Option D (The two sides to something like the exchange vary widely in their knowledge of the better of been exchanged).

Explanation:

  • It typically occurs whenever the seller of such an item or service is much more aware of the brand as well as the facility than that of the buyer. A vehicle dealer for example has a complete understanding of a specific model's capability than a customer.
  • Asymmetric information was available whenever the parties involved in such an interchange vary greatly into whatever individuals know about both the transfer of products.

Other available scenarios have no connection with the given case. So the answer to the above seems to be the correct one.

Other Questions