« previous next »

Author Question: The lemons model suggests that owners will have superior information about the quality of their cars ... (Read 59 times)

lunatika

  • Hero Member
  • *****
  • Posts: 548
on: Jun 30, 2018
The lemons model suggests that owners will have superior information about the quality of their cars and incentives to conceal it, to which buyers will respond by lowering their bids.
  Indicate whether the statement is true or false

Question 2

A negative externality occurs when
 A) there is rent-seeking.
  B) benefits are imposed on individuals that are not part of a transactions.
  C) there is creative destruction.
  D) costs are imposed on individuals that are not part of a transaction.


chereeb

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 30, 2018
Answer to Question 1

T

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

lunatika

  • Hero Member
  • *****
  • Posts: 548
Reply #2 on: Jun 30, 2018
Correct answers!


chereeb

  • Sr. Member
  • ****
  • Posts: 326
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Information flows from the nucleus to the cytoplasm and back. Information flows from the nucleus to the cytoplasm and back.
Noll's DNase-I digestion experiment, which verified the beads-on-a-string model of DNA compacti Noll's DNase-I digestion experiment, which verified the beads-on-a-string model of DNA compacti
Model Organism Neurospora Model Organism Neurospora
The brain. (a) Superior (top) view. (b) Sagittal view of a sectioned brain to reveal internal featur The brain. (a) Superior (top) view. (b) Sagittal view of a sectioned brain to reveal internal featur
Eye Model Eye Model
Model of GABA - receptor chloride channel Model of GABA - receptor chloride channel
Video: The Lac Operon in E. Coli

For a complete list of videos, visit our video library