In the market for used cars,
A)the market is efficient because the cars are bought by the people who value them the most.
B)the market is inefficient because lemons drive out the high quality cars.
C)no cars are sold, because people don't like buying lemons.
D)Not enough information to determine.

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The Answer of In the market for used cars,
A)the market is efficient because the cars are bought by the people who value them the most.
B)the market is inefficient because lemons drive out the high quality cars.
C)no cars are sold, because people don't like buying lemons.
D)Not enough information to determine.

In the Market for Used Cars