Part of the Reason Why Barely Used Cars Sell for Much

question 140

Multiple Choice

Part of the reason why barely used cars sell for much less than new cars is that

• A)buyers and sellers have symmetric information about cars and both have less information about used cars than about new cars.
• B)buyers and sellers have symmetric information about cars and both have more information about used cars than about new cars.
• C)buyers have more information about used cars than sellers do.
• D)sellers have more information about used cars than buyers do.

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