Imagine a consumer shopping for a used car is worried about getting stuck with a lemon, finds two that appear very similar. One car costs just about what the individual expects this make and model to cost, while the other costs only half as much. Briefly explain the problem confronting this consumer? Give an example of another market where similar problems arise.

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The Answer of Imagine a consumer shopping for a used car is worried about getting stuck with a lemon, finds two that appear very similar. One car costs just about what the individual expects this make and model to cost, while the other costs only half as much. Briefly explain the problem confronting this consumer? Give an example of another market where similar problems arise.

Imagine a Consumer Shopping for a Used Car Is Worried