-A market in which adverse selection occurs is often called a lemons market.

Name: -A market in which adverse selection occurs is often called a lemons market.
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A lemons market refers to a market where adverse selection occurs because buyers cannot accurately assess the quality of a product and thus are at risk of selecting inferior products, a concept popularized by George Akerlof in his work on the market for used cars.

-A Market in Which Adverse Selection Occurs Is Often Called