Briefly define and explain what is information asymmetry? 2) What specific problems arise from information asymmetry? Please
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Briefly define and explain what is information asymmetry? 2) What specific problems arise from information asymmetry? Please list and explain them in the context of investing in the stock market. 3) Explain why the moral hazard issue is worse where some users (such as accountants and bankers) have expert knowledge.
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5th Edition
Authors: Michael Sullivan
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