A Lemon Market Will Be Produced

A lemon market will be produced:

A) By asymmetry of information, in which no buyers can accurately assess the value of a product through examination before a sale is made and all sellers can more accurately assess the value of a product prior to sale.
B) By a deficiency of effective public quality assurances-by reputation, regulation and/or effective guarantees or warranties.
C) Where either a continuum of seller qualities exists or the average seller type is sufficiently low so that buyers are pessimistic about the seller's quality.
D) All of the given options are correct.