Having access to the books and understanding local markets better than new owners, the owners of medical practices generally understand their finances better than prospective buyers do

Economics Nov 21, 2020

Having access to the books and understanding local markets better than new owners, the owners of medical practices generally understand their finances better than prospective buyers do. What sorts of transactions tend to take place as a result of this information asymmetry? Not take place? What can buyers and sellers do to offset this information asymmetry?