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What is information asymmetry

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Reference no: EM133129242

Question

1. What is information asymmetry?

2 What is adverse selection?

3. What is moral hazard?

4. Explain very briefly and in simple terms why information asymmetry is a market failure?

5. Why do goverments intervene in markets?

6. What are some of the means with which they do so?

Reference no: EM133129242

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