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Author Question: In the used car market without warranties, adverse selection results in A) sellers of lemons ... (Read 359 times)

lunatika

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on: Jun 29, 2018
In the used car market without warranties, adverse selection results in
 
  A) sellers of lemons claiming that their car is a lemon.
  B) only lemons being available for sale.
  C) the market price of used cars equal to that of good used cars.
  D) all of the above.

Question 2

Does section 2 of the Sherman Act make it a felony to attempt to monopolize an industry or must the attempt succeed before it is a felony?
 
  What will be an ideal response?


bhavsar

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

Section 2 of the Sherman Act makes attempting to monopolize an industry a felony. It is not necessary for the attempt to succeed.


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