Market for lemons describes the traditional market

Reference no: EM13697347

If the Market for Lemons describes the traditional market for used cars what happens to the quantity of cars bought/sold under the following conditions?

a. The traditional market for lemons.

b. Car dealers become sellers of used cars? Explain.

c. A business emerges called “Carfex” that provides a complete report about the quality of the car. Explain.

Reference no: EM13697347

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