Because of asymmetric information,most used cars that are offered for sale will be sold for prices that are greater than their true value.Because of this fact,the used car market falls victim to

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Asymmetric information in the used car market leads to adverse selection, where buyers are likely to purchase lower quality used cars at a higher price, leading to economic inefficiency and deadweight loss.

Because of Asymmetric Information,most Used Cars That Are Offered for Sale