Information asymmetry happens when buyers and sellers have different levels of information, leading to adverse selection in the market. Adverse selection occurs when one party, either the buyer or the seller, has hidden information about the product and makes buying or selling decisions based on that information. For example, in the used car market, buyers cannot know everything about the cars and cannot fully trust them. Because of this, they often try to buy used cars at lower prices to evaluate their quality. To make buyers feel more confident, sellers might promise to repair the car free of charge if it breaks within a year after purchase, protecting themselves against adverse selection. A successful transaction depends on strategies that align with the market’s specific characteristics. - Joseph’s “just my thoughts”
A lifetime of tuna is about 10 years. They don't have any muscles to suck the water up and constantly have to be moving their bodies to breathe in the water. So, they can not be sleeping or resting a lifetime of tuna. Even going to sleep, tuna must keep on moving in a sleep-like state until their deaths, if they stop moving, they will be dead soon. According to the attribution, tuna can swim in water at over 100 km/h speed, they need so many other fishes as foods to supply the wasted energy for this fact. The tuna is paid for the huge price of becoming a top-rated predator. But I'm not a top predator, so why do I eat so much? - Joseph’s “just my thoughts”