CARFAX Is a Company That Compiles and Sells Histories of Used

question 84

Multiple Choice

CARFAX is a company that compiles and sells histories of used cars. Used car dealers offer to give their customers a copy of the CARFAX history of the cars in their inventory to:

• A)give buyers additional information about used cars for sale.
• B)give sellers additional information about used cars for sale.
• C)cause adverse selection.
• D)so they need not offer warranties.

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Definitions:

Chemical Process

A series of chemical reactions or changes that lead to the transformation of one set of chemical substances to another.

Biological Process

A series of actions or steps taken by living organisms to sustain life.

Neuron

A specialized cell transmitting nerve impulses; a nerve cell.

Receptor

A protein molecule that receives and responds to chemical signals, such as hormones or neurotransmitters, within the body.