Name a business or consumer transaction

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Reference no: EM131402063

Post-Keynesians suggest that contractual agreements might be a way to deal with asymmetric information.

a. Name a business or consumer transaction where asymmetric information might occur.

b. How could a contractual agreement overcome the problems of asymmetric information in that market?

c. Would that contractual agreement arise without government intervention? (Post-Keynesian)

Reference no: EM131402063

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