Having access to the books and understanding local markets


Having access to the books and understanding local markets better than new owners, the owners of medical practices generally understand their finances better than prospective buyers do.

What sorts of transactions tend to take place as a result of this information asymmetry?

What sorts of transactions tend not to take place?

What can buyers and sellers do to offset this information asymmetry?

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Business Economics: Having access to the books and understanding local markets
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