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    Exam 20: Uncertainty, Risk, and Private Information
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    Toyotas Are Known for Their Quality and Durability
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Toyotas Are Known for Their Quality and Durability

Question 113

Question 113

Multiple Choice

Toyotas are known for their quality and durability.As a result, compared to other used car markets, adverse selection in the used Toyota market is:


A) just as likely to occur.
B) less likely to occur.
C) more likely to occur.
D) not expected to occur.

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