Recall the Application about federal quality standards in the market for kiwifruit to answer the following question(s).
-Recall the Application. The asymmetric information about kiwifruit was reduced by
A) reducing the price of U.S. kiwifruit.
B) advertising.
C) a federal government marketing order.
D) all of the above

Question

Quizplus · Accepted Answer

The federal government marketing order was implemented to reduce the asymmetric information in the market for kiwifruit. This involved setting federal quality standards and implementing mandatory inspections, which helped to increase consumers' trust in the product and reduce the information gap between buyers and sellers. While reducing the price of U.S. kiwifruit or advertising may have some impact on reducing the information gap, they are not as effective or comprehensive as the federal marketing order. Therefore, choice C is the best option.

Recall the Application About Federal Quality Standards in the Market