Asymmetric information in a market transaction occurs when there is unequal knowledge possessed by the multiple choice seller and the government. buyer and the government. buyer and the seller. taxpayer and the government.

Asymmetric information in a market transaction occurs when there is unequal knowledge possessed by the "buyer and seller".

Asymmetric information, otherwise called information failure, happens when one gathering to a financial exchange has more noteworthy material learning than the other party. This regularly shows when the merchant of a decent or benefit has more noteworthy learning than the purchaser, despite the fact that the turn around is conceivable. All economic exchanges include data asymmetries.  

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