There are no arguments in favor of inheritance taxation on efficiency grounds, only on equity grounds

What is the dilemma of regulation in the case of a regulated monopoly?

What will be an ideal response?

Figure 14.5 represents the market for used cars. Suppose buyers are willing to pay $5,000 for a plum (high-quality) used car and $3,000 for a lemon (low-quality) used car. If buyers believe that 80% of used cars in the market are lemons (low quality), what percent of used cars sold will actually be plums?

A. 20% B. 25% C. 33.33% D. 75%