If a Seller of a High-Quality Good Cannot Prove the Quality

question 268

Multiple Choice

If a seller of a high-quality good cannot prove the quality of that good

• A) buyers will not be willing to pay the amount for which they value a high-quality good.
• B) buyers will only be willing to pay the amount for which they value a low-quality good.
• C) the good will never be offered for sale.
• D) the good will trade at its equilibrium price.

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Definitions:

Enolate

An anion formed by the removal of an alpha hydrogen from a carbonyl compound by a base, creating a carbon-nitrogen double bond adjacent to a carbonyl group.

Alkylation

A chemical process that involves adding an alkyl group to a molecule, enhancing its complexity or reactivity.

Deuterium Atoms

Heavy hydrogen atoms that contain one proton and one neutron in the nucleus, often used as a tracer or in nuclear reactors.

Catalytic Base

A substance that increases the rate of a chemical reaction by providing an alternative reaction pathway with lower activation energy, and which participates in the reaction as a base (accepting protons).