Economy, asked by arunkumarsenjam05, 2 days ago

explain why asymmetric information between buyer and seller leads to market failure

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Answered by soniyalamani941

Answer:

The existence of asymmetry information is easy prone to market failure by way of adverse selection. Asymmetry information is a situation whereby one party has a greater advantage over another in terms of accessibility of market information.

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explain why asymmetric information between buyer and seller leads to market failure​

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explain why asymmetric information between buyer and seller leads to market failure