question archive Discuss the consequences of information asymmetries on market equilibrium outcomes for both informed and uninformed economic agents
Discuss the consequences of information asymmetries on market equilibrium outcomes for both informed and uninformed economic agents
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Discuss the consequences of information asymmetries on market equilibrium outcomes for both informed and uninformed economic agents.
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Information asymmetries can result in prices that favor informed economic agents. For example, someone who knows more about production of a specific commodity may be able to price it better, resulting in favorable outcomes, while an uninformed agent would overpay for the same asset.
