Multiple Choice
One result of asymmetric information in the market for used cars is that _____
A) few used cars are offered for sale.
B) few lemons are offered for sale.
C) more lemons may be offered for sale than good cars.
D) buyers benefit at the expense of sellers.
E) good cars sell at a price that is higher than their market value.
Correct Answer:
Verified
Correct Answer:
Verified
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