When two parties are involved in an economic transaction and one party has more information and knows much more than the other party this is considered: Group of answer choices inequalities of exchange  asymmetric information imperfect information un-balanaced information

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Q: Which of the following is an example of moral hazard? Group of answer choices High-quality products…

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Q: The lower the deductible on an insurance policy, the higher the premiums.    True or False

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A: Answer is given below

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A: Asmmetric Information: Asymmetric information refers to a situation where one party involved in a…

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Q: Adverse selection can occur when a. all persons involved in a transaction have full information one…

A: Adverse selection refers to a situation wherein one party involved in a transaction possesses…

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Q: How does the presence of asymmetric information in the used car market impact the behavior of…

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A: An insurance company is one with high risk and there is a chance of market failure such industries.