Which of the following is a method for solving the problem of adverse selection?
A)Truth-in-advertising laws
B)Product liability laws
C)Food labeling requirements
D)All of the above.

Question

Quizplus · Accepted Answer

All of the options listed are methods to mitigate the problem of adverse selection by ensuring that buyers have more complete information about the products or services they are purchasing. Truth-in-advertising laws prevent sellers from misleading consumers about the nature of their products, product liability laws hold manufacturers accountable for defective goods, and food labeling requirements ensure consumers are informed about the contents of food products.

Which of the Following Is a Method for Solving the Problem