Author Question: Without warranties, used car buyers can assume that all used cars are lemons because of A) moral ... (Read 93 times)

fagboi · **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.