The problem of arises when an antique dealer knows more, Ask an Expert

Economics

The problem of _________________ arises when an antique dealer knows more about the quality of an item than the potential buyer, and as a result the buyer with less knowledge must worry about ending up at a ________________.

imperfect selection; lemon

adverse information; lemon

adverse selection; disadvantage

imperfect information; disadvantage

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91366582

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