What you’ll learn2 learning objectivesChoose one objective for a focused lesson, or study the complete topic.2.10.1(HL)—Asymmetric information• Asymmetric information occurs when one side of a transaction has more or better information• Adverse selection and moral hazard are key casesSyllabus objective2.10.2(HL)—Responses to asymmetric information• Government responses include legislation, regulation, and provision of information• Private responses include signalling and screeningSyllabus objective