Lemons Wk 7 Reading Flashcards
1
Q
The returns for good quality accrue mainly to …
A
the entire group whose statistic is affected rather than to the individual seller
2
Q
the cost of dishonesty lies…
A
not only in the amount by which the purchaser is cheated; the cost also must include the loss incurred from driving legitimate business out of existence
3
Q
those who possess the important skills
A
is identifying the quality of the merchandise
4
Q
informal unwritten guarantees are preconditions for…
A
trade and production
5
Q
Where informal unwritten guarantees are indefinite
A
business will suffer
