In the used car market with warranties, the market for lemons (poor quality used cars) is ________ and the market for good cars is ________.
◦ efficient; efficient
◦ inefficient because of oversupply; inefficient because of undersupply
◦ inefficient because of oversupply; inefficient because of oversupply
◦ efficient; inefficient because of undersupply
◦ inefficient because of oversupply; efficient