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  3. Study Set
    Microeconomics Study Set 43
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    Exam 10: Information
  5. Question
    When One Person Knows More Than Another, It Creates a Situation
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When One Person Knows More Than Another, It Creates a Situation

Question 35

Question 35

Multiple Choice

When one person knows more than another, it creates a situation:


A) in which the transaction is always regretted.
B) called information asymmetry.
C) in which the transaction will not occur.
D) called information dominance.

Correct Answer:

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