Which level of quality of information would eventually exist in the market for lemons assuming there was no way to gain assuranc

Question

tatuchka [14]

2 years ago

15

Which level of quality of information would eventually exist in the market for lemons assuming there was no way to gain assuranc

e regarding the accuracy of the information?

Business

1 answer:

Neko [114] · Answer 1 · 2023-12-08T21:27:55+03:00

The level of quality of information would eventually exist in the market for lemons assuming there was no way to gain assurance regarding the accuracy of the information would be low only.

In the given scenario we are given that there is no way to reassure ourselves that the information is accurate about the lemons in the existing market.

So we can not be a hundred percent sure that the information regarding the lemons existing in the market is correct.

As a result, if there was no method to verify the authenticity of the information, only low-quality information would eventually be available in the market for lemons.

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