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Author Question: In the used car market, adverse selection is a problem primarily when (Read 117 times)

oliviahorn72

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In the used car market, adverse selection is a problem primarily when
◦ sellers cannot judge buyers' creditworthiness.
◦ buyers cannot signal their willingness to buy.
◦ buyers cannot determine the quality of a used car.
◦ sellers offer warranties on all used cars.
◦ sellers and buyers both agree that a particular used car is a lemon.


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Marked as best answer by oliviahorn72 on May 24, 2019

kjo;oj

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oliviahorn72

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Reply 2 on: May 24, 2019
YES! Correct, THANKS for helping me on my review


helenmarkerine

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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