Private information is a situation in which October 5, 2022 by 8i9x6 two parties to an exchange have information that is available to outsiders if they ask. one party to an exchange has information that is not available to the other. the marginal cost of a person’s obtaining additional information is zero. the marginal cost of making information available to one more person is zero. outsiders have relevant information that is not available to the people in the market. See Answer one party to an exchange has information that is not available to the other.