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Instead of Changing the Oil in His Car by Himself,Ashton

Question 36

Multiple Choice

Instead of changing the oil in his car by himself,Ashton takes his car to a 10-minute oil change store.Although it's fast and inexpensive,what type of problem might Ashton encounter?


A) diminishing returns
B) adverse selection
C) principal-agent problem
D) symmetric information
E) an adverse selection problem that became a principal-agent problem

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