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    Principles of Economics
  4. Exam
    Exam 20: Decisions With Private Information
  5. Question
    When One Party to a Transaction Knows Something the Other
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When One Party to a Transaction Knows Something the Other

Question 130

Question 130

Multiple Choice

When one party to a transaction knows something the other doesn't, there is


A) private information.
B) collusion.
C) exploitation.
D) side information.

Correct Answer:

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