1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lyudmila [28]
4 years ago
15

Which of the following is a possible market solution to the lemons problem? Producers might be required to meet certain legal st

andards to obtain licenses granting the right to sell their products. Government agencies might be charged with directly overseeing production and distribution of certain products. Liability laws might be established to ensure that firms selling certain products must face penalties in the event the products function poorly. Producers might offer product guarantees and warranties.
Business
1 answer:
solniwko [45]4 years ago
8 0

Answer:

Producers might offer product guarantees and warranties

Explanation:

In business, lemon problems refers to the problems that might occur during transaction that is caused by different information possessed by the sellers and the buyers

<u>For example,</u>

Let's say that Person A offered to sell 10 lemons for $1. Person B is interested to purchase it since average price for 10 lemons is $2.  Person B believed that the transaction is worth it.

But, Person A knows that the Lemons sold is in bad condition before he even sell it. Person B doesn't know this, so when he receive the lemon, the value of the product become lower than he expected.

Offering guarantees can solve this problem. The buyers can obtain their money back if the condition of the product is not as promised by the sellers.

You might be interested in
The price of food is rising fast! how might this situation be handled in a…
Pani-rosa [81]
A free market economy is when the prices of supply and demand are free from the government. Meaning they can charge whatever they want and the government has to say. So answering your question they can just charge less if they felt like it since they have free reins of the prices.

A command economy is the opposite whereas supply and demand prices are determined by the government and the government only. The government would probably not change the prices because the government sucks.

(A mixed economy is the best way to achieve that)

4 0
3 years ago
\Currently the real interest rate is 1%. Expected inflation was initially 3% but rose to 6% as a result of the government's anno
ololo11 [35]

Answer:

Explanation:sorry dont report .y answer

7 0
3 years ago
All of the following are associated with reporting controllable costs except:a. At lower levels, management have fewer controlla
stira [4]

Answer:

a. At lower levels, management have fewer controllable costs

Explanation:

The opposite is true, lower-level management have more controllabe costs than higher level management because top management focuses on the general strategy of the firm, while lower management focuses on the specific production processes.

It is in these specific production processes that many controllable costs arise. A production line supervisor (part of lower-level management) can directly control some variable costs such as energy used, amount of input, or even work hours.

3 0
3 years ago
Discuss the rationale of organizing an industrial strike in resolving employee dispute with the state, focusing on the detriment
WINSTONCH [101]

Answe

Explanation:

Discuss the rationale of organizing an industrial strike in resolving employee dispute with the state, focusing on the detrimental effects strikes has on various stakeholders in an economy

6 0
3 years ago
The contract to buy and sell real estate has a dates and deadlines section. should these dates be ignored:
8_murik_8 [283]
No, because the date is there to help you stay on track 
5 0
3 years ago
Read 2 more answers
Other questions:
  • Broihan Corporation has the following purchases budget for the last half of 2002:
    12·1 answer
  • A store that sells sporting equipment is an example of what kind of store?
    6·2 answers
  • The scale of a timeline is generally unimportant.
    9·1 answer
  • Both product development strategies and diversification strategies involve ________. A. leaving the current market selling a com
    12·1 answer
  • Victor Cruz contributed $77,000 in cash and land worth $144,000 to open a new business, VC Consulting, in exchange for common st
    7·2 answers
  • Marketing channels can achieve economies of scale through:a. overcoming spatial discrepanciesb. overcoming temporal discrepancie
    9·1 answer
  • Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses
    13·1 answer
  • Audience quality, audience engagement, and editorial quality are most likely to be considered when a media planner ________.
    15·1 answer
  • I accidentally click on the wrong subject sorry... The quality of any writing in a graphic is less important than that in the bo
    15·1 answer
  • Suppose that if your income is $100,000, your tax is $20,000, but if your income is $200,000, your tax is $45,000. Such a tax is
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!