Multiple Choice
Which of the following is a possible result of adverse selection?
A) Only lemons remain in the market for used cars.
B) A store manager shirks his responsibility because his supervisor is not present at all times.
C) A car mechanic does not bother to properly fix the customers' cars when his work cannot be monitored.
D) Many people selling their houses at very low prices expecting prices to decline further.
Correct Answer:

Verified
Correct Answer:
Verified
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