Recall the Application about federal quality standards in the market for kiwifruit to answer the following question(s).
-Recall the Application. California kiwifruit growers had an asymmetric information problem because potential buyers
A) do not know how much kiwifruit they will need.
B) could not tell what the price of the kiwifruit will be.
C) could not tell if a kiwifruit was sweet or sour before tasting it.
D) all of the above

Question

Quizplus · Accepted Answer

Potential buyers could not tell if a kiwifruit was sweet or sour before tasting it, creating an asymmetric information problem for the growers.

Recall the Application About Federal Quality Standards in the Market