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Author Question: Situations in which one party to a transaction has special knowledge are known as (Read 334 times)

0220521

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on: Oct 12, 2022

Question 1

A situation in which one party to a transaction has more or better information about the transaction than the other party is known as
◦ diminishing marginal returns.
◦ a positive externality.
◦ asymmetric information.
◦ moral hazard.
◦ public goods.

Question 2

Situations in which one party to a transaction has special knowledge are known as
◦ asymmetric information.
◦ the free-rider problem.
◦ adverse selection.
◦ symmetric information.
◦ a positive externality.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by 0220521 on Oct 12, 2022

brunoanthony

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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0220521

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

scikid

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Reply 3 on: Yesterday
Excellent

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