【单选题】Considering wines from the well-known Bordeaux region of France. The wine is first sold as "primeur" several months after the harvest, then, almost a year the wine is ually sold as "bottled" wine...
A.
The primeur price can signal the quality of bottled wine because such a price is a sacrefice that the low quality producer cannot bear if consumers purchase wine repeatedly.
B.
The primeur price can signal the quality of bottled wine because in wine market, there are sufficiently high share of informed consumers and producers with low quality wine would suffer a loss if they were mimicking the high primeur price.
C.
The primeur price can signal the quality of bottled wine because it is more costly to produce high-quality than low quality wine and an extremely high primeur price leads to small demand that pr the low quality inefficient producer from mimicking.
D.
The uninformed consumers can also form quality expectations using information other than the primeur price, e.g. the climatic conditions, reputation of producer, etc.