Markets have developed institutions to deal with information asymmetries including all of the following EXCEPT:

Question

Quizplus · Accepted Answer

Reviews, certifications, and contingency fees are all ways that markets address information asymmetries by providing consumers with more information or incentives to choose reputable sellers. Reduced prices do not directly address the issue of information asymmetry, although they may be a way for sellers to attract more customers and compete in a market.

Markets Have Developed Institutions to Deal with Information Asymmetries Including