Which of the following can be a solution to the lemons problem?
a. Providing testimonials from previous buyers.
b. Providing accessories to be used in the car.
c. Providing discount on the purchase of a car.
d. Providing a warranty that covers the costs of certain repairs.
Question 2
A possible problem of democracy
A) is moral hazard.
B) is protected property rights.
C) is mob rule.
D) none of these choices is a problem.