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Author Question: The lemons model suggests that owners will have superior information about the quality of their cars ... (Read 15 times)

lunatika

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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

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Reply #1 on: Jun 30, 2018
Answer to Question 1

T

Answer to Question 2

D


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lunatika

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Reply #2 on: Jun 30, 2018
Correct answers!


chereeb

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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