Multiple Choice
Which of the following is NOT an example of a solution to an adverse selection problem that is caused by the seller's having private information?
A) The government bans the sale of air conditioners with energy efficiency below a certain standard.
B) A buyer's organization makes a verified list of product characteristics demanded by buyers.
C) An independent organization verifies organic production and publishes a list of certified organic farmers.
D) A producer of a weight loss supplement offers a money-back guarantee that its product works.
Correct Answer:
Verified
Correct Answer:
Verified
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