What statement best describes the local knowledge problem? Group of answer choices Central planners don't have the local-level, specific information needed to coordinate efficient transactions between individuals across an economy. Markets are not able to coordinate efficient economic transactions between individuals engaging in charitable behavior, therefore, a central planner can better coordinate economic transactions for large groups. Central planners typically have all the information needed to make efficient coordination decisions, however, individuals don't have the incentive to act in their best interest. If a central planner has good intentions, then knowledge mismatches won't cause coordination problems