Which Phenomenon Does the Lemons Problem Likely Explain

question 133

Multiple Choice

Which phenomenon does the lemons problem likely explain

• A)For several months after it is purchased, the price of a new car falls very little.
• B)Almost no one favours government-provided health insurance.
• C)People in average health may be discouraged from buying health insurance due to the high price.
• D)Employers are reluctant to monitor the activities of their workers, fearing that some of the workers may take legal action against the employers.