This week's readings introduce us to some topics which are generally assigned to the category of \"information economics\". The notion that information is either incompletely understood or is not shared uniformly among market participants is an important foundation for understanding the actual functioning of markets. Markets, in fact, do not always function efciently, and as to imperfect or asymmetric information, the inability to fully ascertain the facts by one or all parties does indeed impair market functioning. Sometimes, such limitations on information are intentional; sometimes, they're not. You've probably encountered such information failures before. Beyond the examples provided in the text, what are some other examples of information failures, and what are the consequences