3 discussions, 1 assignment

Discussion topic:

You have explored the concept of an information asymmetry that existed at one time in the used-car market, prompting George Akerlof to write his "lemons" theory. Can you think of another market in which an information asymmetry exists? Describe the market and how you see the information asymmetry existing. How does this affect pricing? How do you see the information asymmetry affecting the behavior of buyers and sellers?

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