Asymmetric Information as a Market Failure part 2
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8 жыл бұрынWhen the buyers or sellers in a market do not know all the same information, it is possible that the equilibrium quantity will be greater than what is best for society. The existence of such "information asymmetry" can lead to market failures, as will be explained in this lesson.
econclassroom.com/?page_id=5870
@cm96yyc 8 жыл бұрын
For anyone wondering the intro music is Making me Nervous - Brad Sucks
@realdvgarg 4 жыл бұрын
Idk why, it gives a Suits vibe.
@ronithk9377 2 ай бұрын
This was a good video
@realdvgarg 3 жыл бұрын
Shouldn't the demand curve (D) in the resource market diagram be labelled as 'MSB=D' since we're focusing on shifts in the labour supply curve?
@kyzotic1473 2 ай бұрын
yes
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