Why can asymmetric information between buyers and sellers lead to market failure when a market is otherwise

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Why can asymmetric information between buyers and sellers lead to market failure when a market is otherwise perfectly competitive?

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Microeconomics

ISBN: 978-0132857123

8th edition

Authors: Robert Pindyck, Daniel Rubinfeld

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Question Posted: Dec 22, 2015 02:37 AM

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Why can asymmetric information between buyers and sellers lead to market failure when a market is otherwise

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Asymmetric information leads to market failure because the transactio...View the full answer

Microeconomics

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