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If in the market for used bikes only sellers can distinguish between good quality and bad quality used bikes, then in that market there exists
Credit Sales
Credit Sales are transactions where the goods or services are provided to the customer with the agreement that payment will be made at a future date.
Effect on Profit
The impact that specific actions or events have on the net income of a company.
Trade Receivables
Amounts owed to a business by its customers following the sale of goods or services on credit.
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