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In the Market for Used Cars,the Lemons Problem Means That

question 90

Essay

In the market for used cars,the lemons problem means that owners of ________ cars have no incentive to offer them for sale because the market price is ________ than their marginal benefit.
A) good; more
B) bad; more
C) bad; less
D) fair; more
E) good; less


Definitions:

Punctuated Correctly

The use of correct punctuation marks in writing to clarify meaning and indicate sentence structure.

Conjunctions

Terms that link clauses or sentences together, or coordinate words within the same clause, like "and," "but," and "if."

Punctuated Correctly

Written or prepared following the rules and conventions of standard punctuation in a given language.

Coordinating Conjunction

A word used to connect grammatically similar elements within a sentence, such as "and," "but," "or," "so," and "yet."

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