In the market for used cars
A) the market is efficient because the cars are bought by the people who value them the most.
B) the market is inefficient because lemons drive out the high quality cars.
C) no cars are sold, because people don't like buying lemons.
D) Not enough information to determine.
D
Economics
You might also like to view...
In the above table, the marginal product of the second worker is
A) 1. B) 2. C) 3. D) 4.
Economics
Which of the following can be described as when a bank buying securities owned by a business while agreeing to sell them back at a later date?
A) repurchase agreement B) reverse repurchase agreement C) federal funds D) discount loans
Economics