The lemons problem occurs mainly because of

A) asymmetric information.
B) a market failure.
C) negative externality.
D) a monopoly.

A

Economics

You might also like to view...

Kaitlyn and Larissa have formed a dog bathing and grooming business. The number of dogs they can bathe or groom in any given day is depicted in Table 2.1. As they groom more dogs, the opportunity cost of grooming additional dogs

A) rises. B) falls. C) remains constant. D) depends on the prices being charged.

Economics

During the 1960s, the inflation rate and the unemployment rate were inversely related

a. True b. False Indicate whether the statement is true or false

Economics