Product reviews help to alleviate problems associated with

Question

Quizplus · Accepted Answer

Product reviews provide information to consumers about the quality, features, and performance of a product. This helps to alleviate the problem of asymmetric information, where one party (the seller) has more information about the product than the other party (the buyer).Reviews allow the buyer to make an informed decision and reduces the risk of purchasing a product that does not meet their expectations. Product reviews do not address moral hazard, positive externalities, or negative externalities.

Product Reviews Help to Alleviate Problems Associated with