If buyers cannot distinguish quality, and on average, people value a good used car at $15,000 and a "lemon" at $5,000, explain why an average price of $10,000 for used cars will not bring the average of quality used cars to the market.

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The Answer of If buyers cannot distinguish quality, and on average, people value a good used car at $15,000 and a "lemon" at $5,000, explain why an average price of $10,000 for used cars will not bring the average of quality used cars to the market.

If Buyers Cannot Distinguish Quality, and on Average, People Value