Answer to Question #66445 in Microeconomics for Iqbal hussain

Question #66445
Write short note on hidden information
1
Expert's answer
2017-03-22T10:57:06-0400
Hidden information refers to the situation where the agent has better knowledge about the decisions he/she is taking on behalf of the principal.

Sources: http://www.igi-global.com/dictionary/hidden- information/13003

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