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.