If there isn't sufficient information available, then which of the following approaches to reduce conflicts of interest will have the lowest probability of working?

Question

Quizplus · Accepted Answer

Leaving it to the market assumes that parties will act in their self-interest and that competition will keep everyone in check. However, without sufficient information, it is difficult for the market to accurately assess the value of goods or services and the potential conflicts of interest involved. Therefore, this approach is less likely to work when information is lacking.

If There Isn't Sufficient Information Available, Then Which of the Following