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Business, 03.04.2020 16:03 mahmudabiazp3ekot

In the market for used cars, the lemons model predicts that:

sellers are more likely to sell low-quality cars than high-quality cars.
buyers are more likely to overstate their reservation price.
sellers are more likely to sell low-quality cars than high-quality cars.
sellers are more likely to understate the condition of their cars.

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In the market for used cars, the lemons model predicts that:

sellers are more likely to...

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