Question

In which set of markets does imperfect information have the most impact in

terms of creating problems that are extremely hard to solve?
a. labor markets
b. goods and services markets
c. financial markets
d. insurance markets

Answer 1

A is the most logical in my opinion

My reasoning is because of a mistake is made in a labor market then suing is the most common route people will turn to when resolving an issue. They’re are also unions that can be formed in the labor market causing difficult problems.

Hope this helps have a nice day :)