The lemons problem is due to
A) asymmetric information.
B) moral hazard.
C) hidden actions.
D) symmetric information.
A
Economics
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If a firm changed its fringe benefit program so that no employee suffered a loss in benefits and some employees enjoyed an increase in benefits, then
a. this could not be a Pareto improvement b. the firm's policies are economically efficient c. this could be a Pareto improvement d. the firm's policies are fair e. the firm is losing money
Economics
In a natural monopoly, ATC ______ as output ______.
a. rises; expands b. falls; expands c. falls; falls d. rises; ceases
Economics