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Business, 18.02.2020 05:12 oofoofoof1

Candace buys a car called a Yugonero (a knock-off of the Canyonero). Despite well-documented problems in the press, Candace is willing to take the gamble that the Yugonero will perform as well as the Canyonero. Instead, Candace ends up spending an extra $40,000 (in time, money, and aggravation) over the next 5 years on repairs (there was no warranty). While she had read that this type of maintenance cost was typical, she hoped she would be one of the lucky ones. What is the market failure in this scenario?

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Candace buys a car called a Yugonero (a knock-off of the Canyonero). Despite well-documented problem...
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