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Recall the Application About the Loss of Value of a New

Question 133

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Recall the Application about the loss of value of a new car during the first week after it is sold to answer the following question(s) .
-Recall the Application. New cars immediately lose a significant part of their value because buyers


A) know the car is a lemon.
B) donʹt know why the car is being sold and suspect it is a lemon.
C) know the market is thin.
D) donʹt know if many week old cars will be sold.

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