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Business, 22.11.2019 05:31 leo4687

Onsider a used car market in which half the cars are good and half are bad (lemons). suppose the average price of a good car is $9,000 and the average price of a lemon is $3,000. if rational buyers are willing to pay $6,000 for a used car, then sellers will agree to sell mostly lemons at this price. what is the term used to describe this situation?

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Onsider a used car market in which half the cars are good and half are bad (lemons). suppose the ave...

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