Multiple Choice
Which of the following relationships involves asymmetric information?
A) A potential employee knows more about his skills and motivations than potential employers.
B) The seller of a used car knows of mechanical problems that aren't easy for the average buyer to observe.
C) A real estate agent knows the lowest price a seller is willing to sell her house for, but does not reveal it to people he shows the house.
D) All of the above are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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