CARFAX is a company that compiles and sells histories of used cars. Used car dealers offer to give their customers a copy of the CARFAX history of the cars in their inventory to
A) give buyers additional information about used cars for sale.
B) give sellers additional information about used cars for sale.
C) cause adverse selection.
D) avoid having to offer warranties.

Question

Quizplus · Accepted Answer

CARFAX provides buyers with additional information about the history of a used car, which can help them make an informed decision before purchasing. This can benefit the used car dealer by increasing the trust and confidence of buyers in the quality of their inventory.

CARFAX Is a Company That Compiles and Sells Histories of Used