The Market for Lemons cars, the dearth of formal credit markets in developing countries, and the difficulties that the elderly encounter in buying health insurance. However, not all players in a given market will follow the same rules or have the same aptitude of assessing quality. So there will always be a distinct advantage for some vendors to offer low-quality goods to the less-informed segment of a market that, on the whole, appears to be of reasonable quality and have reasonable guarantees of certainty. This is part of the basis for the idiom buyer beware. This is likely the basis for the idiom that
Beware the Cat lost. Another edition appeared in 1570 now only known via a Victorian era transcript, apart from four pages which still exist and another in 1584. The work was dedicated to the actor John Young. The 1570 quarto edition is entitled: "A MARVELOVS hystory intitulede, Beware the Cat. Conteynyng diuerse wounderfull and incredible matters. Uery pleasant and mery to read." On publication in its 1570 edition it was subject to an anonymous poetic riposte of 56 lines, "A shorte Answere to the boke called: "Beware the Cat"", which rebukes the author for making fun of the narrator Master Gregory Streamer (who