=+. When you buy a second-hand car, you do not know whether it is a lemon (low

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=+. When you buy a second-hand car, you do not know whether it is a lemon (low quality) or a plum (high quality), but the seller knows. A solution is for sellers to offer a warranty with

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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