The authorities has a wide variety of policy equipment at its disposal to correct uneven facts and to control externalities.
These encompass taxes, schooling programmes and production law supposed to increase the flow of statistics to consumers.
"Asymmetric information" is a time period that refers to when one birthday celebration in a transaction is in possession of greater information than the other. In certain transactions, agents can take advantage of buyers because uneven statistics exists whereby the seller has more information of the desirable being sold than the buyer
Learn more about asymmetric information here:
