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In the Akerlof lemons problem, consumers are taking a gamble when they buy a used car. As a result, the most they are willing to
In the Akerlof lemons problem, consumers are taking a gamble when they buy a used car. As a result, the most they are willing to pay is the expected value (average value) of cars in the market." Is this statement true or false
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Macroeconomics Principles and Applications
Authors: Robert e. hall, marc Lieberman
5th edition
1111397465, 9781439038970, 1439038988, 978-1111397463, 143903897X, 9781439038987, 978-1133265238
