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Review Chapter 19, Section 19.5, Adverse Selection. This section on Amazon illustrates the case of adverse selection faced by Amazon. The vendors have more information about their performance than Ama
Review Chapter 19, Section 19.5, Adverse Selection. This section on Amazon illustrates the case of adverse selection faced by Amazon. The vendors have more information about their performance than Amazon has. Explain how and why Amazon can use the customer reviews to control this problem.
Discussion must be 250 words. I attached chapter 19.
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