Which of the following statements is not correct?
A)Based on studies of human decision making, most people value fairness.
B)Based on studies of human decision making, some people's preference are inconsistent over time.
C)Government intervention is the best remedy for the problems caused by asymmetric information.
D)Advertising can be an example of a company signaling the quality of its products.

Question

Quizplus · Accepted Answer

While government intervention can be one solution for addressing problems caused by asymmetric information, it is not always the best or only remedy. Other solutions may include increasing transparency, improving education, or creating market incentives for companies to disclose information.

Which of the Following Statements Is Not Correct