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In the Used Car Market,adverse Selection Is a Problem Primarily

Question 67

Multiple Choice

In the used car market,adverse selection is a problem primarily when


A) sellers cannot judge buyers' creditworthiness.
B) buyers cannot signal their willingness to buy.
C) buyers cannot determine the quality of a used car.
D) sellers offer warranties on all used cars.
E) sellers and buyers both agree that a particular used car is a lemon.

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