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    Exam 9: Imperfect Information, External Benefits, and External Costs
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    Some States Have Laws That Require That Used Car Dealers
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Some States Have Laws That Require That Used Car Dealers

Question 131

Question 131

Essay

Some states have laws that require that used car dealers give buyers a 30-day period during which they can return cars that are discovered to be lemons (low-quality). Who do laws like this help? Who do they hurt?

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Buyers are helped because if they find t...

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