Carfax Offers a Report on Used Cars for $39

Multiple Choice

Carfax offers a report on used cars for $39.99. It details the ownership type and history, vehicle mileage, accident reports, and other information. Carfax is an example of how markets try to:

A) increase adverse selection.
B) lessen the lemons problem by reducing asymmetric information.
C) profit from increasing information disparities between buyers and sellers.
D) address an inefficiency by making things worse because buyers must now pay for the report.