In a Market with Asymmetric Information,gains from Trade Occur If

Multiple Choice

In a market with asymmetric information,gains from trade occur if ________.

A) the value of a good to a seller is greater than its value to a buyer
B) the value of a good to a buyer is greater than its value to a seller
C) the variable cost of producing a good is zero
D) the opportunity cost of consuming a good is zero