{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-11T09:10:03-04:00", "answer_date": "2024-06-11 09:10:03", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "2638340", "url": "\/study-help\/questions\/multiple-choice-question-which-term-describes-a-situation-in-which-2638340", "question_creation_date_js": "2024-06-11T09:10:03-04:00", "question_creation_date": "Jun 11, 2024 09:10 AM", "meta_title": "[Solved] Multiple Choice Question Which term descr | SolutionInn", "meta_description": "Answer of - Multiple Choice Question Which term describes a situation in which the first party to a contract possesses information | SolutionInn", "meta_keywords": "multiple,choice,question,term,describes,situation,first,party,contract,possesses,information,second", "question_title_h1": "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", "question_title": "Multiple Choice Question Which term describes a situation in which the first", "question_title_for_js_snippet": "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", "question_description": "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", "transcribed_text": "", "related_book": { "title": "Smith and Roberson Business Law", "isbn": "1285141903, 1285141903, 9781285141909, 978-0538473637", "edition": "15th Edition", "authors": "Richard A. Mann, Barry S. 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