Multiple Choice
The adverse selection of sellers is the
A) tendency for buyers to choose to buy from sellers who are not trustworthy even when product quality is high.
B) tendency for the mix of goods to be skewed toward more low-quality goods when buyers can't observe quality.
C) skew in markets when sellers cannot observe quality that leads to lower prices.
D) skew in markets toward buyers who pay less when sellers cannot tell a buyer's willingness to pay.
Correct Answer:

Verified
Correct Answer:
Verified
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