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Other Fields Homework Help Economics Topic started by: AndrewKraus on May 23, 2017



Title: Which of the following is true of a used-car market?
Post by: AndrewKraus on May 23, 2017
Which of the following is true of a used-car market?
A) Sellers have more information than the buyers.
B) Gains from trade do not exist in this market.
C) The cars sold are identical in quality.
D) There is no consumer surplus in this market.


Title: Re: Which of the following is true of a used-car market?
Post by: lostein on May 23, 2017
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Title: Re: Which of the following is true of a used-car market?
Post by: AndrewKraus on Jun 24, 2017
Excellent answer, thx