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    Survey of Economics Principles
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    Exam 9: Imperfect Information, External Benefits, and External Costs
  5. Question
    There Is Asymmetric Information in the Used Car Market Because
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There Is Asymmetric Information in the Used Car Market Because

Question 386

Question 386

True/False

There is asymmetric information in the used car market because sellers cannot distinguish between lemons (low-quality) and plums (high-quality) but buyers can.

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