Tag Archives: Information asymmetry

Buying a Car?

Information asymmetry and the “market of lemons”: what do they mean for the buyers and sellers of vehicles?

Added 28 April 2021 by

Information asymmetry is a condition under which one business party has a significant advantage over the other one they are dealing with, i.e. they possess more information regarding the subject of the transaction and can use it to their benefit at the expense of the other party.”

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