Which of the following help to correct for the market failure of imperfect information?
A) professional licensing
B) homeowner warranties
C) nutrition labeling
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 providing consumers with more or better information. Professional licensing informs consumers about the qualifications of service providers, homeowner warranties provide information about the quality and reliability of housing, and nutrition labeling gives consumers information about the nutritional content of food products.

Which of the Following Help to Correct for the Market