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Author Question: Without warranties, used car buyers can assume that all used cars are lemons because of A) moral ... (Read 37 times)

fagboi

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on: Jun 29, 2018
Without warranties, used car buyers can assume that all used cars are lemons because of
 
  A) moral hazard.
  B) moral dilemma.
  C) adverse selection.
  D) adverse reaction.

Question 2

Price discrimination by a monopolist is less effective if the
 
  A) good can be resold.
  B) good has no substitutes.
  C) monopolist can identify buyers by willingness to pay.
  D) good cannot be resold.


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katara

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


fagboi

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

epscape

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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