This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In the used car market, adverse selection creates the lemon problem when (Read 90 times)

viki

  • Hero Member
  • *****
  • Posts: 525
on: May 24, 2019
In the used car market, adverse selection creates the lemon problem when
◦ sellers cannot judge buyers' creditworthiness.
◦ buyers believe that sellers will offer only high-priced "good" used cars for sale.
◦ buyers believe that sellers will sell only lemons.
◦ sellers offer warranties on all used cars.
◦ None of these answers is correct because it is moral hazard that creates the lemon problem.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by viki on May 24, 2019

BUTTHOL369

  • Sr. Member
  • ****
  • Posts: 341
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.
Answer Preview
Only 56% of students answer this correctly


viki

  • Hero Member
  • *****
  • Posts: 525
Reply #2 on: May 24, 2019
Thanks


BUTTHOL369

  • Sr. Member
  • ****
  • Posts: 341
Reply #3 on: May 24, 2019
Welcome :)


« previous next »
 

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Alarm calling, a possible example of kin selection. Alarm calling, a possible example of kin selection.
Solution to exponential problem Solution to exponential problem
Sequence Series Arithmatic Progression Problem Sequence Series Arithmatic Progression Problem
Problem Problem
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
linear programming problem, applying simplex method and sensitivity analysis linear programming problem, applying simplex method and sensitivity analysis
Video: Sex-Linked Traits! How are eye colors inherited in fruit flies?

For a complete list of videos, visit our video library