2. What is adverse selection? Would you pay as much for a home that is only 1...
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2. What is adverse selection? Would you pay as much for a home that is only 1 year old (but has been lived in by people that have since built another home in the local area) as you would for a brand new home that has yet to be lived in? Why or why not? What steps might you take to avoid adverse selection?
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Related Book For 
Study Guide For N. Gregory Mankiw's Principles Of Microeconomics
ISBN: 9783030019983
5th Edition
Authors: David R. Hakes
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