Multiple Choice
If a seller of a high-quality good cannot prove the quality of that good
A) buyers will not be willing to pay the amount for which they value a high-quality good.
B) buyers will only be willing to pay the amount for which they value a low-quality good.
C) the good will never be offered for sale.
D) the good will trade at its equilibrium price.
Correct Answer:
Verified
Correct Answer:
Verified
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