Recall the Application about federal quality standards in the market for kiwifruit to answer the following question(s)
-Recall the Application. California kiwifruit growers had a asymmetric information problem because potential buyers:
A)do not know how much kiwifruit they will need.
B)could not tell what the price of the kiwifruit will be.
C)could not tell if a kiwifruit was sweet or sour before tasting it.
D)all of the above

Question

Quizplus · Accepted Answer

The asymmetric information problem arises because buyers cannot determine the quality (sweet or sour) of the kiwifruit before tasting it.

Recall the Application About Federal Quality Standards in the Market