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In Order for the Predictions of the Lemons Model to Hold,it

Question 132

Multiple Choice

In order for the predictions of the lemons model to hold,it must be the case that


A) sellers misrepresent the quality of the good they are selling.
B) most of the used goods put up for sale are of below-average quality.
C) buyers are gullible.
D) most of the used goods put up for sale are of average quality.
E) most of the used goods put up for sale are of above-average quality.

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