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Multiple Choice Question Which term describes a situation in which the first party to a contract possesses information not known to the second and, as
Multiple Choice Question Which term describes a situation in which the first party to a contract possesses information not known to the second and, as a result, the second party incurs major costs? Multiple choice question. Government failure Moral hazard Adverse selection Negative externality
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Economics of Money, Banking and Financial Markets
Authors: Frederic S. Mishkin
9th Edition
978-0321607751, 9780321599797, 321607759, 0321599799, 978-0321598905
