When a potential client enters a lawyer's office,they want to observe expensive furniture and art work because
A)these items are items that the lawyer displays to new clients in an attempt to signal her quality.
B)these items are expensive and they provide a screening of the quality of the lawyer.
C)these items are an example of eliminating a moral hazard.
D)these items are a signal of the lawyer's adverse selection.

Question

Quizplus · Accepted Answer

Expensive furniture and artwork are used by lawyers to signal their quality and success to potential clients, indicating that they are capable and trustworthy.

When a Potential Client Enters a Lawyer's Office,they Want to Observe