If a Seller Has More Information About the Qualities and Characteristics

Multiple Choice

If a seller has more information about the qualities and characteristics of a good than a buyer,_____

A) the problem of the winner's curse occurs.
B) the marginal cost curve for information becomes horizontal.
C) the demand for the good will be price inelastic.
D) the problem of asymmetric information occurs.
E) the marginal benefit of search curve becomes vertical.