Professional buyers of antiques often have more information about the value of antique objects than do the sellers.This illustrates:

A) the principal-agent problem.
B) the moral hazard problem.
C) the free-rider problem.
D) asymmetric information.

Asymmetric Information

A situation in which one party in a transaction has more or superior information compared to another, leading to potential advantages or disadvantages in the transaction.

Professional Buyers

Individuals or entities specializing in purchasing goods and services for organizations, often aiming to secure the best terms and prices.

Antique Objects

Items of considerable age, often more than 100 years old, valued because of their historical significance, craftsmanship, or rarity.