What is the consequence of asymmetric information? Hint: a phrase with two words, Seller A is trying to sell car X. She knows that X is worth of $10,000 and she sells it at $10,000. We define a good car as its value equals its price. Seller B is trying to sell car Y. She knows that Y is worth of $8.000 but the buyers wouldnt know so she sells it at $10.000. We define a bad car as its value liks than Tts price. Buyer C wants to buy a car but she is suspicious about the quality of both car X and Y because she does not possess the information from the sellers. C is only willing to bid $8,000 for a car selling at $10,000. Which car will be sold, Le. which seller. A or B, would be happier to sell her car to C? tmagine if this happens to every used car in the market. What kind of cars will only get sold. gpod or bad cars