If the Quality-Detection Costs Are Very Low, _____

question 81

Multiple Choice

If the quality-detection costs are very low, _____.

• A)low-quality products will tend to be withdrawn from the market, and the average quality will improve
• B)low-quality products will tend to be withdrawn from the market, and the average quality will decline
• C)high-quality products will tend to be withdrawn from the market, and the average quality will improve
• D)high-quality products will tend to be withdrawn from the market, and the average quality will decline
• E)the problem of adverse selection cannot be overcome

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Definitions:

Loud Work Environment

A workplace characterized by high levels of noise, which can distract employees and decrease productivity.

Cognitive Dissonance

Cognitive dissonance is the psychological discomfort experienced when holding two or more conflicting beliefs, values, or attitudes simultaneously.

Social Loafing

The failure of a group member to contribute personal time, effort, thoughts, or other resources to the group.

Legitimate Emergencies

Situations that are recognized as valid and urgent, requiring immediate attention and action.