When Buyers Have Private Information and Sellers Charge a Single

Multiple Choice

When buyers have private information and sellers charge a single price based on the average cost of buyers, then

A) the mix of buyers will be skewed toward those who are less costly for sellers.
B) the mix of buyers will be skewed toward those who are more costly for sellers.
C) buyers who would be lower-cost buyers will be more likely to buy.
D) buyers who would be higher-cost buyers will be less likely to buy.