In the market for used cars,the lemons problem means that owners of ________ cars have no incentive to offer them for sale because the market price is ________ than their marginal benefit.
A) good; more
B) bad; more
C) bad; less
D) fair; more
E) good; less
Correct Answer:
Verified
Q83: In the used car market,adverse selection creates
Q84: In the market for automobile insurance,drivers can
Q85: If a salesperson is paid by the
Q86: _ occurs when an informed person takes
Q87: The private market _ health care because
Q89: "People buy insurance to protect themselves from
Q90: Even if your college degree is irrelevant
Q92: The lemons problem is caused by
A) health-care
Q211: Most college professors are granted tenure after
Q217: What is private information and what problems
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents