Recall the Application about federal quality standards in the market for kiwifruit to answer the following question(s).
-Recall the Application. The U.S. kiwifruit information asymmetry was reduced by advertising.

Question

Quizplus · Accepted Answer

The reduction in information asymmetry in the U.S. kiwifruit market was primarily achieved through the establishment of federal quality standards, not advertising. These standards helped to ensure a consistent level of quality, thereby reducing uncertainty for consumers.

Recall the Application About Federal Quality Standards in the Market