When sellers know more about the value of an asset than buyers, we are likely to end up in a setting where only the assets sell

Finance Dec 25, 2020

When sellers know more about the value of an asset than buyers, we are likely to end up in a setting where only the assets sell. redundant O highest quality efficient lowest quality

Expert Solution

Ans. : Lowest quality

A term used to denote this phenomenon is 'market of lemons'

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