Used cars in Corinthia sold for about 20 percent less than new cars of the same model manufactured in the same year.However,price differences were reduced when certified used car dealers entered the market for used cars in Corinthia.What explains this phenomenon?

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The Answer of Used cars in Corinthia sold for about 20 percent less than new cars of the same model manufactured in the same year.However,price differences were reduced when certified used car dealers entered the market for used cars in Corinthia.What explains this phenomenon?

Used Cars in Corinthia Sold for About 20 Percent Less