Which of the following help to correct for the market failure of imperfect information?
A) truth-in-advertising regulations
B) used car warranties
C) medical licensing
D) All of the above are correct.

Question

Quizplus · Accepted Answer

All of the options listed help to correct for the market failure of imperfect information by ensuring that consumers have more accurate and reliable information about products, services, and providers. Truth-in-advertising regulations prevent misleading claims, used car warranties provide assurance about the condition of a vehicle, and medical licensing confirms the qualifications of healthcare providers.

Which of the Following Help to Correct for the Market