One result of asymmetric information in the market for used cars is that _____

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Asymmetric information in the market for used cars means that sellers may have more information about the quality of the car than the buyer. This can lead to a situation where "lemons" (low-quality cars) are sold at the same price as "good" cars, which leads to an increase in the number of lemons offered for sale. This happens because sellers of high-quality cars are unwilling to sell their cars at a low price due to the potential loss in value, while sellers of low-quality cars are willing to accept a price above market value due to the lack of information that buyers have about the car. Therefore, more lemons may be offered for sale than good cars.

One Result of Asymmetric Information in the Market for Used