Which of the following is the most reliable in enabling a consumer to deal with asymmetric information?

Question

Quizplus · Accepted Answer

Warranties are a reliable way for consumers to deal with asymmetric information because they provide assurance that the product or service being purchased is of a certain quality. This allows consumers to have peace of mind, knowing that they will be protected in case the product or service does not meet their expectations. Additionally, warranties serve as a commitment by the seller to stand behind their product, which can increase the consumer's trust in the seller and the product.

Which of the Following Is the Most Reliable in Enabling