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True or False: If true, explain why the statement is true; if false correct the statement to make it true. According to Akerloff (1970), asymmetric

True or False: If true, explain why the statement is true; if false correct the statement to make it true.

According to Akerloff (1970), asymmetric information leads ONLY to a decrease in the quality of a good or service offered in a competitive market.

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