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18 Aug 2020
Adverse selection occurs in the market for used cars because used car buyers:
Ā
A) Used car buyers tend to have more accidents that new car buyers
B) Have less incentive to maintain the value of their cars than new car buyers.
C) Have less information than used car sellers.
D) Have more information than used car sellers.
Adverse selection occurs in the market for used cars because used car buyers:
Ā
A) Used car buyers tend to have more accidents that new car buyers
B) Have less incentive to maintain the value of their cars than new car buyers.
C) Have less information than used car sellers.
D) Have more information than used car sellers.
Joshua StredderLv10
14 Oct 2020
