Owners of _____ goods are more likely to sell their units than owners of other types of goods when buyers cannot observe quality before they buy.

Question

Quizplus · Accepted Answer

Owners of low-quality goods are more likely to sell their units than owners of other types of goods when buyers cannot observe quality before they buy. This is because buyers may not be willing to take the risk of purchasing a low-quality good if they cannot assess its quality beforehand.

Owners of _____ Goods Are More Likely to Sell Their