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Describe the used-car market in the United States. How many used cars get traded per year and at what price? Why does a car typically

Describe the used-car market in the United States. How many used cars get traded per year and at what price? Why does a car typically appear on a used car lot?

How does the market enable buyers to avoid lemons?

What role, if any, do governments play in the used car market?

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