Reading a Consumer Reports review of a vacuum cleaner before buying is the same way of dealing with information asymmetry as:
A) an employer requiring a drug test.
B) an insurance company offering different deductible-level plans.
C) a buyer choosing a used car from a brand dealership.
D) a college charging a high tuition relative to other schools.

Question

Quizplus · Accepted Answer

Choosing a used car from a brand dealership is a similar way of dealing with information asymmetry, as the dealership has more information than the buyer about the car's history and condition. Both scenarios involve the consumer seeking out available information to make an informed decision. The other options do not necessarily involve information asymmetry.

Reading a Consumer Reports Review of a Vacuum Cleaner Before