Question: 2.Differences in information (asymmetries) often prevent markets from working properly, and can allow one party in a market transaction to take advantage of the other.Explain
2.Differences in information (asymmetries) often prevent markets from working properly, and can allow one party in a market transaction to take advantage of the other.Explain how information advantages may allow real estate agents to deliver poor results to their homeowner clients, college football coaches to convince student athletes to attend their school, and gang leaders to induce inner city kids to sell drugs.
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