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    Exam 14: Imperfect Information: Adverse Selection and Moral Hazard
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    Lemons Laws
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Lemons Laws

Question 85

Question 85

Multiple Choice

Lemons laws


A) protect producers from unsatisfied buyers.
B) require automakers to repurchase automobiles that experience frequent problems during their first year of use.
C) increase the quantity of lemons for sale on the used car market.
D) none of the above

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