What is asymmetric information ?

What are the differences betwe Show more What are the characteristics of monopolistic competitive market ? What are the differences between a perfectly competitive market and a monopolistic competitive market ? Where does a monopolistic competitive market produce ? MR=MC Where does the the demand curve shift when more firms enter the monopolistic competitive market ? What is product differentiation what market uses it? What market depends on the action of other firms in the industry ? What is four firm concentration ratio and how to figure it out ? What is it called when firms conspire to fix prices ? Whats a dominant strategy ? Whats a duopolists dilemma ? What is tit for tat strategy ? What is price leadership? What market engages in advertising ? What are the main features of the Sherman Anti Trust Act What are the results of the decision block on which strategies firms use? What is a contestable market ? When does the government practice long run average cost pricing ? Where does the monopolist produce and and at what price ? What are some of the anti trust policies that the government can use. What is a horizontal Merger and a Trust ? What is asymmetric information ? What is thin market ? Know what a search price is a discovered price is What is the median voter strategy ? What are the benefits of pollution abatement ? What is environmental economics ? What is the major cause of smog pollution? What is derived demand ? What is the signaling effect ? Why do wage rates differ among occupations ? What is the input substitution effect ? Know where there is a surplus of labor in the supply and demand of labor model ? Show less