Scenario: Used Car Market in the Used Car Market, Cars

Scenario: Used Car Market In the used car market, cars of poor quality are often referred to as "lemons," while cars that are of good quality are considered to be "plums." Suppose the probability of obtaining a lemon is 60% and the probability of obtaining a plum is 40%.Also assume a plum is worth $15,000 and a lemon is worth $3,000.
(Scenario: Used Car Market) Look at the scenario Used Car market.If buyers cannot distinguish between lemons and plums, eventually this used car market will:

A) be made up mostly of lemons.
B) have buyers who will have a 50% chance of choosing a plum.
C) be made up mostly of plums.
D) be made up of 50% plums and 50% lemons.