When a decision involving two parties must be made, is the situation in which one party has more information than the other party.

When a decision involving two parties must be made, adverse selection is the situation in which one party has more information than the other party

Explanation:

This phenomenon occurs when there is asymmetric information between two parties in a deal prior to making a decision. In this situation, one party has more accurate information than the other, which translates into a disadvantage for the party with less accurate information.

permafrost layer, it exists beneath a layer of soil, rock or sediment.

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