Economics 53 Market Failures Asymmetric Information

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=MtIz3hB6dg8

This lesson explores one type of market failure – asymmetric information. We show how markets can be ineffective when both buyer and seller don’t have the sa...

economics, introduction, course, market failure, asymmetric information, market for lemons, George Akerlof, adverse selection, signaling, screening, route taxis, India.
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