Multiple Choice
Mr.Smith put his laptop up for sale.He was aware of the fact that the laptop malfunctioned frequently.However,none of the potential customers who came to buy the laptop were able to discover the problem.One of them actually bought it at a remunerative price.This occurred because of the presence of ________.
A) asymmetric information
B) positive externalities
C) negative externalities
D) the moral hazard problem
Correct Answer:
Verified
Correct Answer:
Verified
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