One method of responding to the lemons effect is to invest in information.

Name: One method of responding to the lemons effect is to invest in information.
Brand: Quizplus
Rating: 4.9 (36 reviews)

Question

Quizplus · Accepted Answer

Investing in information can help overcome the lemons effect, as it can provide knowledge and assurance about the quality of a product or service. By collecting information about the seller, product, or service, buyers can make informed decisions and reduce their uncertainty about what they are purchasing.

One Method of Responding to the Lemons Effect Is to Invest