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theledfords855
theledfords855
16.04.2020 • 
Business

If the used car market is a "lemons" market, how would you expect the repair record of used cars that are sold to compare with the repair record of those not sold? A. Since in a "lemons" market more low-quality cars are sold, we would expect the repair record of cars sold to be worse than cars not sold. B. Since in a "lemons" market more high-quality cars are sold, we would expect the repair record of cars sold to be better than cars not sold. C. Since in a "lemons" market only low-quality cars are offered for sale, no cars will be sold and thus the market collapses. D. Since in a "lemons" market only low-quality cars are sold, consumers will only purchase cars with good repair records.

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