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Author Question: In the used car market with warranties, the equilibrium is a ________ and there is ________. (Read 62 times)

audragclark

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on: May 24, 2019
In the used car market with warranties, the equilibrium is a ________ and there is ________.
◦ pooling equilibrium; inefficiency, partly because of oversupply of good cars
◦ pooling equilibrium; inefficiency, partly because of oversupply of lemons (poor quality used cars)
◦ separating equilibrium; no inefficiency
◦ separating equilibrium; inefficiency, partly because of oversupply of lemons (poor quality used cars)
◦ pooling equilibrium; no inefficiency
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by audragclark on May 24, 2019

okolip

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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audragclark

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Reply 2 on: May 24, 2019
:D TYSM

alvinum

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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