The problem of _________________ arises when an antique dealer knows more about the quality of an item than the potential buyer, and as a result the buyer with less knowledge must worry about ending up at a ________________.
A) imperfect selection; lemon
B) adverse information; lemon
C) adverse selection; disadvantage
D) imperfect information; disadvantage

Question

Quizplus · Accepted Answer

The Answer of The problem of _________________ arises when an antique dealer knows more about the quality of an item than the potential buyer, and as a result the buyer with less knowledge must worry about ending up at a ________________.
A) imperfect selection; lemon
B) adverse information; lemon
C) adverse selection; disadvantage
D) imperfect information; disadvantage

The Problem of _________________ Arises When an Antique Dealer Knows