Suppose That There Are Only Two Types of Used Cars,peaches

question 102

Multiple Choice

Suppose that there are only two types of used cars,peaches and lemons.Peaches are worth $10,000 and lemons are worth $4,000.Without effective signals such as warranties,the owners of peaches cannot sell their cars for $10,000 because the

• A) owners of peaches cannot convince buyers that their cars are worth $10,000.
• B) buyers cannot convince owners of peaches to sell their cars for $10,000.
• C) owners of lemons cannot convince buyers that their cars are worth more than $4,000.
• D) buyers cannot convince owners of lemons to sell their cars for more than $4,000.
• E) buyers cannot convince owners of lemons to sell their cars for $4,000.

---

Definitions:

Core

The essential, central, or most important part of something, often referring to the main strengths or strategic advantages of a business.

Product Form

The specific physical characteristics and features of a product that distinguish it from other products.

Generic Competition

Competition between brands or products that are not differentiated by patents or branding, typically influencing lower prices.

Customer Insights

Deep understanding and analysis of customers' behaviors, needs, and motivations, often derived from data analysis and market research.