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Describe the adverse selection problem that arises if you offer the same price to Larry and Harry. The adverse selection problem arises because q ,
Describe the adverse selection problem that arises if you offer the same price to Larry and Harry.
The adverse selection problem arises because
A Harry has an incentive to repair the lemon, so you should offer Harry more than Larry
B at the price you are likely to offer, the owner of the lemon is more willing to sell and you will most likely buy the lemon
C Harry will give the car to you just to get rid of it
D the market is perfectly competitive and you will buy from the person who has the bestselling techniques
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