If Quality-Detection Costs Are Very Low

question 167

Multiple Choice

If quality-detection costs are very low,

• A) low quality products will tend to be withdrawn from the market, and the average quality will rise.
• B) low quality products will tend to be withdrawn from the market, but the average quality will fall.
• C) high quality products will tend to be withdrawn from the market, and the average quality will rise.
• D) high quality products will tend to be withdrawn from the market, and the average quality will fall.

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