Elucidate how asymmetric information about a hidden action

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Reference no: EM1363858

The text points out the asymmetric information can have delirious effects on market outcomes.

a Elucidate how asymmetric information about a hidden action or a hidden action or a hidden characteristic can lead to moral hazard or adverse selection.

b Discuss a few tactics that managers can use it overcome these problems.

Reference no: EM1363858

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