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If buyers cannot distinguish between lemons and cherries in the used car market but sellers cIf buyers cannot distinguish between lemons and cherries in the
If buyers cannot distinguish between "lemons" and "cherries" in the used car market but sellers cIf buyers cannot distinguish between "lemons" and "cherries" in the used car market but sellers can, the price buyers are willing to pay for used cars will be:an, the price buyers are willing to pay for used cars will be: Multiple Choice high enough to guarantee that at least 50 percent of the used cars offered for sale are "cherries." so low that sellers with "cherries" will be unwilling to sell. so low that sellers with "lemons" will be unwilling to sell. equal to zero since no one will take the chance of purchasing a "lemon" even if the value of a car known to be a lemon is greater than zero
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