Answer:
B
Explanation:
Asymmetric information is an instance of market failure.
It is when one party to a transaction possesses greater information or knowledge than the other party. e.g. when a seller possesses greater information than the buyer or when a buyer possesses greater information than the seller.
Individuals know when they have a more healthy lifestyle while their insurers might not be privy to such information due to privacy laws
Answer:
increase
Explanation:
Transaction cost is the cost needed for every exchange. This cost can be external or internal. External transaction cost comes from the cost to do an exchange with a second party while internal cost comes from the company itself.
The Martinez Legal Firm acquired a competitor so their business size will increase for sure. Larger businesses will become more complex and need more management. These will, in turn, increase the internal transaction cost.
<span>The original cost of protein bar = $2.50
The increased cost of protein bar = $2.80
Therefore, the increase in price of the protein bar = $2.80-$2.50
=$0.30
percentage increase = (Difference in price / Original price) x 100
=(0.30/2.50)x100
=(3/25)x100
=3 x 4
=12%</span>