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L&SS-IS

Information asymmetry 
Is a condition in which at least some relevant information is known to some but not all parties involved.  
It causes markets to become unstable since all markets' participants do not have access to the information they need for their decision making processes. 

Information asymmetry deals with the study of decisions in transactions where one party has more or better information than the other. This asymmetry creates an imbalance of power in transactions, which can sometimes cause the transactions to be inefficient, causing market failure in the worst case. eSource:

It (Information asymmetry) is the opposite of Information symmetry.

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