The market for lemons, One of the conclusions from

The market for lemons

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Reference no: EM13772972

One of the conclusions from Akerlof's paper titled "The Market for Lemons" was:

A. High quality goods will drive low quality goods out of the market

B. Lacking the ability to distinguish high from low quality, the quality the market will end up offering will be the average quality

C. Lacking the ability to distinguish high from low quality, low quality may drive high quality out of the market

D. High quality is always demanded by consumers over low quality

Reference no: EM13772972

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