Business, 22.04.2020 02:22 jurnee77

The major prediction of the lemons model is that:

a. asymmetric information reduces the average quality of goods offered for sale.
b. a used car in good condition can be sold for a higher-than-average price.
c. people will generally choose "low-hanging fruit".
d. used cars offered for sale are generally in better-than-average condition.

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The major prediction of the lemons model is that:

a. asymmetric information reduces the...

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