Which of the following techniques is used by producers to reassure consumers facing the hazards of asymmetric information?

Question

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Producers use extended warranties to reassure consumers facing the hazards of asymmetric information. By offering longer warranties, producers signal that they have confidence in the quality of their products and are willing to stand behind them. This can help alleviate consumers' concerns about the potential for hidden defects or other problems. Cutting profit or increasing production costs would not provide reassurance to consumers about the quality of the product. Extending business hours may be beneficial for consumers who need more time to research and compare products, but it does not directly address the issue of asymmetric information.

Which of the Following Techniques Is Used by Producers to Reassure