The "Lemons" Model Suggests That in Cases of Asymmetric Information

Multiple Choice

The "lemons" model suggests that in cases of asymmetric information between buyers and sellers:

A) low-quality goods become the preferred choice.
B) consumers are indifferent between the purchase of high- and low-quality goods.
C) the proportion of low quality goods in the market increases.
D) the availability of high quality goods in the market increases.