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If consumers cannot tell if used cars are good or bad cars until after they purchase them, then all the cars for sale will be
If consumers cannot tell if used cars are good or bad cars until after they purchase them, then all the cars for sale will be bad cars.
A.True, no used cars are good and people should buy new cars instead.
B.True, the owners of good cars would not be willing to sell them for the lower market price.
C.False, good cars and bad cars will be sold for the same price.
D.False, the proportion of good and bad cars depends on the quality of new cars.
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