In the transportation industry what is the reason for the existence of asymmetric information? Select the most suitable answer. Asymmetric information exists when one party to an economic transaction has less information than the other party Asymmetric information exists when people who have insurance change their actions because of the insurance. Asymmetric information exists when parties to an economic transaction must pay different prices to obtain the same information. Asymmetric information exists when adverse selection leads to moral hazard.