When asymmetric information affects a relationship between two parties, it is always the case that: a. neither party is well informed. b. one party is better informed than the other party. c. both parties are equally well informed. d. the government is better informed than either of the two parties.

The correct answer is letter "B": one party is better informed than the other party.

Explanation:

Given a certain market, asymmetric information refers to the fact that buyers and sellers do not have the same amount of information being one party more informed that the other. This causes one of the parties to make a decision that is likely to be different to that if all the information were disclosed equally.

In most cases, sellers take advantage of certain information or tend to manipulate it so inexperienced buyers engage in the purchase process.

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