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Each of the Following Is an Example of an Institution

Question 7

Multiple Choice

Each of the following is an example of an institution that helps limit the lemons problem in the used car market EXCEPT:


A) a mechanic's inspection of the vehicle.
B) Carfax (a website that provides verified information about the vehicle's history) .
C) a warranty offered by the seller.
D) a statement from the seller regarding the vehicle history.

Correct Answer:

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