Which of the following is a way of responding to the lemons problem?
A) a money-back guarantee
B) a warranty
C) a repair guarantee
D) all of the above

Question

Quizplus · Accepted Answer

All of the options listed are potential ways of addressing the lemons problem. A money-back guarantee would give customers the assurance that they can receive a refund if the product they receive is faulty. A warranty would provide additional coverage for repairing or replacing the product if necessary. A repair guarantee would ensure that any issues with the product can be fixed. By offering multiple solutions to the lemons problem, customers feel more secure in their purchases and are more likely to trust the brand.

Which of the Following Is a Way of Responding to the Lemons