Multiple Choice
Hui Er hires a contractor to remodel her kitchen while she is gone on vacation. In spite of the contractor's promise to do high-quality work, she later discovers that he did not. Hui Er is experiencing a
A) problem due to buyer-held private information.
B) principal-agent problem.
C) lemon problem.
D) risk-aversion problem.
Correct Answer:
Verified
Correct Answer:
Verified
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