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information asymmetry
in·for·ma·tion a·sym·me·try


noun 
Definition:
 
situation where parties have unequal information: a situation in which the parties to a transaction have unequal information, so that an unfair exchange often results
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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