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Author Question: Which of the following statements about asymmetric information is true? (Read 35 times)

CQXA

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on: Apr 19, 2019

Question 1

Relating to the 
Economics in Practice on page 360: The smart phone app which allows skiers at a slope to report weather conditions to others would lessen the problem of


◦ moral hazard.
◦ market signaling.
◦ asymmetric information.
◦ risk-loving.

Question 2

Which of the following statements about asymmetric information is 
true?


◦ Asymmetric information occurs when one party to a transaction has relevant information to the transaction that the other party does not have.
◦ Asymmetric information reduces market failures because it makes it easier for individuals to engage in transactions that in the presence of perfect information would take place.
◦ Asymmetric information can only be solved through government intervention.
◦ Asymmetric information occurs only in the market for used cars and in the insurance market.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by CQXA on Apr 19, 2019

missalyssa26

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Reply #1 on: Apr 19, 2019
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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CQXA

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

isabelt_18

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Reply 3 on: Yesterday
Excellent

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