Buyers and sellers use ________ to communicate the quality of goods and services in a world of uncertainty.
A) asymmetric information
B) market signals
C) expected value
D) moral hazards

Question

Quizplus · Accepted Answer

Market signals are used by buyers and sellers to communicate the quality of goods and services in a world of uncertainty. These signals can include price, brand reputation, and other indicators that help to reduce information asymmetry between parties.

Buyers and Sellers Use ________ to Communicate the Quality of Goods