Ricardian curvoe Quintlile curve. 2.5 pts Question 33 When asymmetric informatio

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Ricardian curvoe Quintlile curve. 2.5 pts Question 33 When asymmetric information affects a relationship between two parties, it is always the case that O neither party is well informed. O one party is better informed than the other party. O both parties are equally well informed. the government is better informed than either of the two parties. Question 34 2.5 pts Government action in cases of asymmetric information may not be an ideal solution because the private market can sometimes deal with information asymmetries on its own. the government tends to have more information than private parties.

Explanation / Answer

33.

Correct Answer:

B.

In a case of asymmetric information, one party has more information than the other party. It makes the party with more information to be in better position than the other party.

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