One of the conclusions from Akerlof's paper titled "The Market for Lemons" was:

Question

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Akerlof's paper argues that in markets where buyers cannot easily distinguish between high and low quality goods, the presence of "lemons" (low quality goods) can drive out the potential for high quality goods to be sold. This is because buyers' inability to tell the difference means they are unwilling to pay a high price for potentially high quality goods, and so sellers of high quality goods may not be able to make enough profit to continue producing them. This can result in a market where only low quality goods are sold. Thus, choice C is the best answer.

One of the Conclusions from Akerlof's Paper Titled "The Market