Multiple Choice
Because buyers lack information about used cars for sale:
A) buyers will often offer less than what a car is worth, since there is a chance the car is a lemon.
B) sellers of well-functioning used cars will be more likely to enter the market.
C) the market will eventually become saturated with high-quality cars.
D) All of these are true.
Correct Answer:
Verified
Correct Answer:
Verified
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