Question: How do online platform sites like Amazon attempt to overcome the asymmetric information problems associated with goods that the buyer cannot personally inspect before purchase?

How do online platform sites like Amazon attempt to overcome the asymmetric information problems associated with goods that the buyer cannot personally inspect before purchase?

The online platform firm only allows high

-

quality merchandise to be sold at their site

The previous performance

(

reputations

)

of the buyer and seller are posted for public review

Buyers can take receipt of any goods before they have to pay the seller

The online platform firm only allows low

-

quality merchandise to be sold at their site

All of the above

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