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John and Jack are both trying to sell a used car to Jim. John's car is a lemon, a car that has a serious but
John and Jack are both trying to sell a used car to Jim. John's car is a lemon, a car that has a serious but nonobvious problem. Jack's car is a cherry, a car that has no problems. Jim cannot tell the difference between the cars. Economists say this information problem might be solved with signaling. Who has an incentive to find a way to signal quality?"
Group of answer choices
Jack but not John
Jim
Both Jack and John
John but not Jack
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