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Author Question: Without warranties, used car buyers can assume that all used cars are lemons because of A) moral ... (Read 120 times)

fagboi

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Without warranties, used car buyers can assume that all used cars are lemons because of
 
  A) moral hazard.
  B) moral dilemma.
  C) adverse selection.
  D) adverse reaction.

Question 2

Price discrimination by a monopolist is less effective if the
 
  A) good can be resold.
  B) good has no substitutes.
  C) monopolist can identify buyers by willingness to pay.
  D) good cannot be resold.



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katara

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Answer to Question 1

C

Answer to Question 2

A




fagboi

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Reply 2 on: Jun 29, 2018
Excellent


at

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

 

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