Multiple Choice
Because of the lack of buyer's information about a perfectly functioning used car:
A) the buyer will pay less than what it's worth because of the probability it will be a lemon.
B) sellers of perfectly functioning used cars will be less likely to enter the market.
C) the market will eventually become saturated with lemons.
D) All of these statements are true.
Correct Answer:
Verified
Correct Answer:
Verified
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