Kim Kataguiri: The market failure of information asymmetry is not about the less advantaged.
Kim Kataguiri: A billionaire who buys a hot dog on the corner will have less information power regarding that hot dog than the vendor, who is a million times poorer than him, but the vendor knows what the ingredients were, knows if there is expired product or not, if there is spoiled product or not.
Then an intervention occurs to correct a market failure, which is information asymmetry, because for a citizen to make a free choice and the best choice for himself, he needs to know exactly what he is buying and what he is dealing with. Thank you, Mr. President.