In markets for information, which party generally has more knowledge about the value of the information being exchanged?   the buyer of the information the seller of the information both parties have the same knowledge

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter16: Information, Risk, And Insurance
Section: Chapter Questions
Problem 20CTQ: A website offers a place for people to buy and sell emeralds, but information about emeralds can be...
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In markets for information, which party generally has more knowledge about the value of the information being exchanged?
 
the buyer of the information
the seller of the information
both parties have the same knowledge
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