give 1 example each of real world examples of the case of "unequal information" and "Unequal bargaining power" In PPT format
Unequal Information
· Lack of equal information or access to information that favors one party over the other since one has better, or “superior” information
· Can benefit one party while the other suffers since they are not on a equal playing field when making financial decisions
· Only unfair when illegitimately acquired or when its use violates its obligation to others
· Can reduce efficiency of the market
Unequal Bargaining Power
· Resources
· Processing Ability
· Above are the definition, and basically just give me 1 example each of real world examples of the case of ""unequal information" and"Unequal bargaining power"