Multiple Choice
Which of the following statements is NOT correct?
A) Information plays an important role in the economy.
B) Asymmetric information may lead to the disappearance of a market.
C) It is always desirable to have more information than the person one is trading with.
D) Adverse selection will not occur if there is no asymmetric information.
Correct Answer:
Verified
Correct Answer:
Verified
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