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A Realtor Knows More Than the Buyer About a House

Question 23

Multiple Choice

A realtor knows more than the buyer about a house the realtor's selling.What is this an example of


A) an information asymmetry; specifically, it is an example of a hidden action
B) an information asymmetry; specifically, it is an example of a hidden characteristic
C) a hidden action; specifically, it is an example of a hidden characteristic
D) a hidden characteristic; specifically, it is an example of a hidden action

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