Economics A-Level
Information symmetry
What Information symmetry means in Economics A-Level, as defined for AQA.
Definition of Information symmetry
Check what you remember
Read the wording for your board, then hide it and explain Information symmetry in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Perfect knowledge ensures buyers know all prices and sellers know all techniques, preventing price disparities.
Topics that use Information symmetry
- Perfect competition (AQA A-Level)
Related terms
- Allocative efficiency
- Average revenue
- Barriers to entry
- Dynamic adjustment
- Dynamic efficiency
- Economic efficiency
- Externalities
- Labour markets
Using Information symmetry in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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