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    Microeconomics Study Set 25
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    Exam 20: Uncertainty, Risk, and Private Information
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    Toyotas Are Known for Their Quality and Durability
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Toyotas Are Known for Their Quality and Durability

Question 13

Question 13

Multiple Choice

Toyotas are known for their quality and durability.As a result,compared with other used-car markets,adverse selection in the used-Toyota market is:


A) equally likely.
B) relatively unlikely.
C) more likely.
D) not expected.

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