Rick and Jose gain new market information regarding a potential entrepreneurial opportunity. Despite the fact that both of them have gained access to this new information, only one of these individuals has access to additional information suggesting that other competitors are already moving to exploit this opportunity. What is this an example of

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Incomplete. Here are the options;

A.  information asymmetry

B.  information assurance

C.  information reliability

D.  information asset  

E.  social networking

Answer:

A.  information asymmetry

Explanation:

The concept of Information asymmetry involves a situation where one party in a relationship has more or better information than the other party.

In this case, there exists a party with more (additional) information than the other, hence it is a good example of information asymmetry.

The given description most likely exemplifies the situation of:

A).  Information Asymmetry

  • 'Information Asymmtery' is characterized as the terminology that is employed to denote the transactions(holding between two parties) that involve one party(buyer or seller) possessing comparatively more or added information than the other party.
  • In the given scenario, one party possessing extra information regarding the other competitors' hunt on this newly available opportunity would be characterized as 'Information Asymmetry.'
  • Therefore, this correctly exemplifies the concept.

Thus, option A is the correct answer.

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