Multiple Choice
Recall the Application about the free-agent market for professional baseball pitchers to answer the following question(s) .
-Recall the Application. The market for baseball pitchers suffers from an asymmetric information problem because
A) the pitcher's current team has superior information concerning the health of the pitcher.
B) the potential new teams have superior information concerning the health of the pitcher.
C) baseball teams never sign injury-prone pitchers.
D) a physical exam ensures that both the player's current team and potential new teams have the same information concerning the player's health.
Correct Answer:

Verified
Correct Answer:
Verified
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