Multiple Choice
That most used cars are sold by intermediaries (i.e.,used car dealers) provides evidence that these intermediaries ________.
A) have solved the moral hazard problem created by the consumers of used cars
B) are not able to prevent others from free-riding off the information that they provide
C) help solve the adverse selection problem
D) Only sell "lemons"
Correct Answer:

Verified
Correct Answer:
Verified
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