People are not always fully informed about product quality because:
A)they are more concerned about prices and least concerned about quality.
B)their choices are typically affected by package design rather than the quality.
C)the benefits from acquiring information about quality may not be worth the cost of gathering that information.
D)the products available in a market are more or less homogenous,with very little price dispersion.

Question

Quizplus · Accepted Answer

The cost of gathering information about product quality (e.g. researching, comparing brands, reading reviews, etc.) can be time-consuming, confusing, and even costly. As a result, many people may decide that the benefits of having more information about quality do not outweigh the costs of acquiring that information, and thus they rely on other factors such as brand recognition, price, convenience, and packaging appearance to make their purchasing decisions.

People Are Not Always Fully Informed About Product Quality Because