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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 180

Question 180

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) equally likely.
B) relatively unlikely.
C) more likely.
D) not expected.

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