Question
Give an example of a situation where the seller of a good or service knows more about the quality, nature, or price of a good
Give an example of a situation where the seller of a good or service knows more about the quality, nature, or price of a good or service than the buyer knows. What is a potential solution to this problem?
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Macroeconomics Principles and Applications
Authors: Robert E. Hall, Marc Lieberman
6th edition
1111822352, 1111822354, 9781133708742 , 978-1111822354
