Essay
Suppose you see a 2006 Scion xB Sport Wagon advertised in the local newspaper for $4,500.If you knew the car was reliable, you would be willing to pay $6,000 for it.If you knew the car was unreliable, you would only be willing to pay $2,500 for it.Under what circumstances should you buy the car at the asking price?
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Because of the lemons problem you should...View Answer
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