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Author Question: If the market for used computers has only lemons (low-quality computers) then the market: (Read 41 times)

wrbasek0

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If the market for used computers has only lemons (low-quality computers) then the market:
◦ is a type of monopoly.
◦ must be monopolistically competitive.
◦ suffers from an adverse selection problem.
◦ is an example of a thick market.


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Marked as best answer by wrbasek0 on Jul 21, 2019

Danny Ewald

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