Private organizations,such as Consumer Reports,are able to earn a profit by serving as quality certifiers because:
A) some well-informed buyers are willing to provide good information.
B) some well-informed sellers want to send signals to buyers.
C) some poorly informed buyers are willing to pay for better information.
D) some poorly informed sellers are willing to pay to reduce the quality of buyers' information.

Question

Quizplus · Accepted Answer

Consumer Reports and similar organizations profit by providing valuable information to consumers who lack it and are willing to pay for insights to make better purchasing decisions.

Private Organizations,such as Consumer Reports,are Able to Earn a Profit