Explore BrainMass
Share

Explore BrainMass

    how a consumer could benefit from asymmetric information

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Create an original example to illustrate how a consumer could benefit from asymmetric information and how a consumer's decision making could be adversely effected by asymmetric information. The answer should demonstrate a clear understanding of the economic functioning of imperfect information.

    © BrainMass Inc. brainmass.com October 10, 2019, 3:34 am ad1c9bdddf
    https://brainmass.com/business/management-information-systems/how-a-consumer-could-benefit-from-asymmetric-information-425582

    Solution Preview

    For example, Jack who is already sick, may be more inclined to purchase life and health insurance than someone who is not sick.
    In this ...

    $2.19