When Buyers Cannot Tell Whether a Product Is High or Low

Multiple Choice

When buyers cannot tell whether a product is high or low quality before making the purchase

A) both high-quality and low-quality units of the product will sell for the same price.
B) high-quality and low-quality units of the product will sell at different prices.
C) sellers must let the buyers know the quality of each unit of the product.
D) buyers must let sellers know the quality of the unit that they desire to buy.