The lemons problem is a situation of
A) perfect competition.
B) asymmetric information.
C) creative response.
D) a natural monopoly.
B
Economics
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Suppose that a paper producer dumps its waste into a local river. Explain why this situation is inefficient
What will be an ideal response?
Economics
Even economists have no single, precise definition of money because
A) money supply statistics are a state secret. B) the Federal Reserve does not employ or report different measures of the money supply. C) the "moneyness" or liquidity of an asset is a matter of degree. D) economists find disagreement interesting and refuse to agree for ideological reasons.
Economics