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Please read the following article: Akerlof, G. A. The market for lemons: Quality uncertainty and the market mechanism. The Quarterly Journal of Economics. 1970. Question

Please read the following article:

Akerlof, G. A. The market for lemons: Quality uncertainty and the market mechanism. The Quarterly Journal of Economics. 1970.

Question A

1. Please summarize the article of "the Market for lemon",

2.Discuss how accounting plays a role to create a "healthy" capital market.

3. What are the information asymmetry and adverse selection in the article?

Question B

Read PVModel.pdf

1. After reading the "PV model under certainty", please complete the second-year B/S and I/S of the firm on the article.

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