Private Information Is a Situation in Which

Multiple Choice

Private information is a situation in which

A) two parties to an exchange have information that is available to outsiders if they ask.
B) one party to an exchange has information that is not available to the other.
C) the marginal cost of a person's obtaining additional information is zero.
D) the marginal cost of making information available to one more person is zero.
E) outsiders have relevant information that is not available to the people in the market.