« previous next »

Author Question: The lemons model suggests that owners will have superior information about the quality of their cars ... (Read 13 times)

lunatika

  • Hero Member
  • *****
  • Posts: 548
on: Jun 30, 2018
The lemons model suggests that owners will have superior information about the quality of their cars and incentives to conceal it, to which buyers will respond by lowering their bids.
  Indicate whether the statement is true or false

Question 2

A negative externality occurs when
 A) there is rent-seeking.
  B) benefits are imposed on individuals that are not part of a transactions.
  C) there is creative destruction.
  D) costs are imposed on individuals that are not part of a transaction.


chereeb

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 30, 2018
Answer to Question 1

T

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

lunatika

  • Hero Member
  • *****
  • Posts: 548
Reply #2 on: Jun 30, 2018
Correct answers!


chereeb

  • Sr. Member
  • ****
  • Posts: 326
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

A Simple Model of the Learning Process A Simple Model of the Learning Process
Ethical Decision-Making Model Cont Ethical Decision-Making Model Cont
The flow of genetic information in a typical cell The flow of genetic information in a typical cell
The Emergency Action Guide entry for styrene. Useful information includes emergency response ... The Emergency Action Guide entry for styrene. Useful information includes emergency response ...
A high-resolution model of the 50S ribosomal subunit A high-resolution model of the 50S ribosomal subunit
Superior view of axis and right lateral view of axis Superior view of axis and right lateral view of axis
Video: Integumentary Anatomy

For a complete list of videos, visit our video library