Multiple Choice
Which of the following statements is consistent with markets where it is difficult for buyers to assess the quality before purchase?
A) Sellers have incentives to sell high-quality goods at high prices.
B) Price is not a reliable indicator of quality.
C) Sellers need to be skeptical of buyer intent.
D) In spite of the difficulty, the market result will be efficient.
Correct Answer:
Verified
Correct Answer:
Verified
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