It's not a market for lemons. We can share info about the lemons and all choose to use the good ones. There's no information asymmetry.
It's not a market for lemons. We can share info about the lemons and all choose to use the good ones. There's no information asymmetry.
> We can share info about the lemons
That might turn out to be less than reliable over time, as bots are already screwing up systems with fake information and it's probably going to get worse.
I don't disagree with that, but the market for lemons still doesn't really fit.
If I remember my econ class correctly it uses used cars as an example. If you're neighbor bought a used Toyota and tells you about it being a great purchase, you can't go out and buy another used Toyota and expect it to also be in great condition. Every car is a gamble.
But if you use something like Hubspot and tell your neighbor it's really good/bad you can expect to receive the same Hubspot service they did.