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Price of a new exhaust system

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The exhaust system on your 1986 Escort needs to be replaced, and you suspect that the price of a new exhaust system is the same as what you would get if you tried to sell the car. If you know that the car is otherwise okay, what rele- vance does Akerlof's model of lemons have to your decision about whether to purchase a new exhaust system?

Reference no: EM131861685

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