Many automotive dealerships such as bmw sell low mileage, Ask an Expert

Economics

Many automotive dealerships, such as BMW, sell low mileage late model used cars, with warranties on defects and repairs that offer more coverage for longer periods of time than the warranties on their brand new cars. Explain the rationale for this practice using the concept of asymmetric information.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9678828

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