Discussion:
your response should be at least 75 words in length. You are required to use at least your textbook as source material for your response.
All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
McEachern, W. A. (2012). ECON Micro 3 (3rd ed.). Mason, OH: South-Western.
What economic differences are there between the effects of imperfect information and asymmetric information?
How is the model of corporate finance developed in the second part of Chapter 13 related to the model developed in the first part of the chapter concerning roundabout production and the market for loanable funds?
Can the problems of imperfect and asymmetric information be used to enrich Coase's theory of the firm? How?