The potential for a decline in product quality due to asymmetric information is commonly referred to as

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The term "lemons problem" is commonly used to describe the potential for a decline in product quality due to asymmetric information, where sellers have more information about the quality of the product than the buyers. This can lead to a situation where only low-quality products (or "lemons") are offered for sale, driving out high-quality products and ultimately reducing overall quality in the market.

The Potential for a Decline in Product Quality Due to Asymmetric