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Discuss a few tactics that to overcome problems
Course:- Macroeconomics
Reference No.:- EM13199729





Assignment Help >> Macroeconomics

The text points out that asymmetric information can have deleterious effects on market outcomes.

a. Explain how asymmetric information about a hidden action or a hidden characteristic can lead to moral hazard or adverse selection.

b. Discuss a few tactics that managers can use to overcome these problems.




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