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The lemons principle helps to explain why (A) physical depreciation accounts fully for the price differential between new and used cars. (B) physical depreciation cannot
The "lemons" principle helps to explain why (A) physical depreciation accounts fully for the price differential between new and used cars. (B) physical depreciation cannot account fully for the price differential between new and used cars. (C) new and used cars sell for more than their intrinsic value would suggest. (D) lemons tend to be less expensive than oranges. (E) people love the used-car market.
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