________ occurs when one agent in a transaction knows about a hidden characteristic of a good.

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________ occurs when one agent in a transaction knows about a hidden characteristic of a good.

________ occurs when one agent in a transaction knows about a hidden characteristic of a good.
A) The free-rider problem
B) The tragedy of the commons
C) Adverse selection
D) Moral hazard

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Microeconomics

Edition: 1^st

Authors: Acemoglu, Laibson, List

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