Mandated minimum quality standards can be a way to:
A) reduce information asymmetry.
B) promote information asymmetry.
C) provide a public good.
D) screen.

Question

Quizplus · Accepted Answer

Mandated minimum quality standards can help reduce information asymmetry by ensuring that consumers have certain expectations of product quality and performance. This can help prevent sellers from misleading consumers with false claims or substandard products, improving the overall market transparency and efficiency.

Mandated Minimum Quality Standards Can Be a Way To