In a Market with Asymmetric Information,a Good Is Said to Have

Multiple Choice

In a market with asymmetric information,a good is said to have hidden characteristics if ________.

A) the consumption of the good imposes an additional cost on society
B) the production of the good generates additional benefits to society
C) the seller offers secret discounts to some buyers of the good
D) the buyer or the seller observes something about the good that the other does not