Survey of Economics
Read the following to prepare for this week:
Survey of Economics, Chapter 9: Imperfect Information, External Benefits, and External Costs
Video:
Watch the following video(s), which you can access in the Weekly Media object or by clicking on the link(s) below: and answer the question.
MIT OpenCourseWare video lecture series, “Uncertainty”
11.3 Test your Knowledge (Question):
Q1: Discuss how asymmetric information present in second hand car market, often leads to adverse selection for buyers.
Discuss how asymmetric information present in second hand car market, often leads to adverse selection for buyers.
