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Microeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-1260566642Microeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-1260566642 Exercise 2
In which of the following situations is an infor mation asymmetry likely to cause problems?
a. Parents know more than their children about how to write a good college application.
b. People who book hotel rooms online know less about the quality of the room they are reserving than the hotel's management.
a. Parents know more than their children about how to write a good college application.
b. People who book hotel rooms online know less about the quality of the room they are reserving than the hotel's management.
Explanation
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Verified
Information asymmetry:
Asymmetric infor...
Microeconomics 1st Edition by Dean Karlan,Jonathan Morduch
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