Recall the application about the California kiwifruit market and the "lemons" problem.There is asymmetric information in the kiwifruit market because:

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The "lemons" problem arises because sellers have more information about the quality of their kiwifruit than buyers. This creates a situation of asymmetric information, where one party (the seller) has more information than the other (the buyer). Option A is incorrect because buyers do not have more information than sellers. Option C is incorrect as it is mentioned in the problem that there is asymmetric information. Option D is also incorrect as it implies that both parties have the same information, which is not the case here.

Recall the Application About the California Kiwifruit Market and the "Lemons