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You own a 2007 Ford Explorer. Although it has high mileage, you have maintained it very well. You want to sell it, but after checking the prices other owners of 2007 Ford Explorers are able to get for their cars in the used car market, you decide the prices are too low and you decide not to sell. This is an example of
A) the "lemons problem."
B) moral hazard.
C) economies of scale.
D) low information costs.
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Money, Banking, and the Financial System

Money, Banking, and the Financial System


Edition: 3rd
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