Question

The informational advantage that agents possess over principals is often based on the fact that

Group of answer choices

the information is extremely secure and protected from exposure to anyone outside the company.

public stock companies are characterized by information symmetry.

agents are legally permitted to freely trade the information in exchange for benefits, unlike principals.

insiders are the first to learn about important developments before the information is released to the public.

Answer 1

Answer of the question - insiders are the first to learn about important developments before the information is released to the public.

Explanation - The main advantage that any agent get is that insiders also get to learn about important development. So, that when the information get into the public. They already know every thing. Other options are incorrect, because inormation advantage means, insiders alread kbnow the information. There is nothing secure and protected information outside of the company.