Part of the reason why barely used cars sell for much less than new cars is that
A. buyers and sellers have symmetric information about cars and both have less information about used cars than about new cars.
B. buyers and sellers have symmetric information about cars and both have more information about used cars than about new cars.
C. buyers have more information about used cars than sellers do.
D. sellers have more information about used cars than buyers do.
Answer: D
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What will be an ideal response?
Assume there are nine voters in a certain small town and let x = the preferred number of dollars spent per person per month on garbage collection. For Voters 1, 2 3, and 4, x = $10; for Voter 5, x = $15; for Voter , x = $18; and for Voters 6, 7, 8 and 9, x = $20 . The median voter is
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The public debt can be thought of as
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