Arrow's Example About the Used Car Is Intended to Show

question 13

Multiple Choice

Arrow's example about the used car is intended to show that:

• A) Some sellers in the market are dishonest or unreliable.
• B) You should obey the rule "buyer beware" when buying.
• C) Sellers should not have to be concerned with social responsibility.
• D) Profit maximization leads to the best results for all concerned.
• E) Sometimes the rule of profit maximization leads to inefficiency.