Because of the Lack of Buyer's Information About a Perfectly

question 116

Multiple Choice

Because of the lack of buyer's information about a perfectly functioning used car:

• A) the buyer will pay less than what it's worth because of the chance that it will be a lemon.
• B) sellers of perfectly functioning used cars will be more likely to enter the market.
• C) the market will eventually become saturated with high quality cars.
• D) All of these statements are true.

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Definitions:

Control

The power to influence or direct people's behavior or the course of events.

Inner Conflict

A psychological struggle within oneself, arising from opposing demands or impulses.

Major Life Changes

Changes in your life, such as divorce, that increase daily hassles, leaving you stressed and worn out.

Internal Sources

Refers to the means within an organization or entity from which information, financing, or support can be drawn.