Ratings and Reviews of Mechanics on the Internet

question 143

Multiple Choice

Ratings and reviews of mechanics on the Internet:

• A) make it easier to avoid shady mechanics, thus reducing moral hazard.
• B) raise the cost to mechanics of exploiting their adverse selection advantage.
• C) make it easier for mechanics to take advantage of their information advantage.
• D) completely prevent all forms of information asymmetries.

---

Definitions:

Defamation

The act of damaging someone's reputation through false or malicious claims or statements, which can be categorized as libel (written) or slander (spoken).

Opinion

A belief or judgment that rests on grounds insufficient to produce complete certainty, often reflecting a personal view or attitude.

Politics

The set of activities associated with decision-making in groups, or other forms of power relations among individuals, including the distribution of resources or status.

Slander

A form of defamation expressed in spoken words, gestures, or other transient forms, that injures a person's reputation.