If a seller knows more about the good than the buyer does, there exists

a. perfect information
b. an externality
c. a low marginal benefit of information for the buyer
d. asymmetric information
e. optimal search

D

Economics

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Public goods face the

A) principle of rival consumption. B) free-rider problem. C) law of overproduction. D) exclusion principle.

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Most banks in the United States are owned by the government and operate as nonprofit institutions

a. True b. False Indicate whether the statement is true or false

Economics