One result of asymmetric information in the market for used cars is that few lemons are sold

The major reason tight money fell so heavily on housing in the past was that

A) people didn't like to borrow when interest rates were high. B) the reserve requirements on deposits at saving and loan institutions were higher than those for commercial banks. C) the lag effect of tight money on housing was long and variable. D) there were legal ceilings on the interest rates that saving and loan institutions could pay on their deposits.

The ability to deter entry requires

A) a credible threat that if entry occurs the firm is willing to produce more than they would otherwise. B) a credible threat that if entry occurs the firm will not produce more than they would otherwise. C) a good lawyer. D) a clever accounting department.