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Author Question: In the used car market, adverse selection creates the lemon problem when (Read 97 times)

viki

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on: May 24, 2019
In the used car market, adverse selection creates the lemon problem when
◦ sellers cannot judge buyers' creditworthiness.
◦ buyers believe that sellers will offer only high-priced "good" used cars for sale.
◦ buyers believe that sellers will sell only lemons.
◦ sellers offer warranties on all used cars.
◦ None of these answers is correct because it is moral hazard that creates the lemon problem.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by viki on May 24, 2019

BUTTHOL369

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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viki

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Reply #2 on: May 24, 2019
Thanks


BUTTHOL369

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Reply #3 on: May 24, 2019
Welcome :)


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