Which of the following is a possible market solution to the lemons problem? Producers might be required to meet certain legal standards to obtain licenses granting the right to sell their products. Government agencies might be charged with directly overseeing production and distribution of certain products. Liability laws might be established to ensure that firms selling certain products must face penalties in the event the products function poorly. Producers might offer product guarantees and warranties.

Producers might offer product guarantees and warranties

Explanation:

In business, lemon problems refers to the problems that might occur during transaction that is caused by different information possessed by the sellers and the buyers

For example,

Let's say that Person A offered to sell 10 lemons for $1. Person B is interested to purchase it since average price for 10 lemons is $2.  Person B believed that the transaction is worth it.

But, Person A knows that the Lemons sold is in bad condition before he even sell it. Person B doesn't know this, so when he receive the lemon, the value of the product become lower than he expected.

Offering guarantees can solve this problem. The buyers can obtain their money back if the condition of the product is not as promised by the sellers.

muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.

answernet income for 2017 will be greater if the inventory quantity declines;