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Effects of Imperfect information

Imperfect information at times causes consumer’s attempts to make best use of their satisfaction to fail since: (1) Expectations are imperfectly realized and trial-and-error patterns can lead to the mistakes. (2) Sellers might misrepresent the characteristics of services and goods they offer, thus posing problems of the adverse selection. (3) Moral hazard occurs when sellers decide not to honor all the terms of earlier contracts. (4) Extreme ranges of the alternatives leave few people bewildered. (5) All the above

Can someone please help me in finding out the accurate answer from the above options.

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