Author Question: One of the ways the market for used cars copes with the problems associated with private information ... (Read 94 times)

burchfield96 · **on:** Jun 29, 2018

One of the ways the market for used cars copes with the problems associated with private information is through the offering of

A) leases.
B) warranties.
C) low interest rates.
D) low prices.

Question 2

Compared to a single-price monopolist, a price-discriminating monopolist

A) produces more output.
B) produces the same amount of output but charges a higher price.
C) generates a larger deadweight loss.
D) produces less output but charges a lower price.