The real world market often involves some cheating and deception. A good example is a car dealer who knows the defects of the cars he sells but does… | Cheap Nursing Papers

The real world market often involves some cheating and deception. A good example is a car dealer who knows the defects of the cars he sells but does…

The real world market often involves some cheating and deception. A good example is a car dealer who knows the defects of the cars he sells but does not always reveal those defects to the consumers. How does this imperfect information lead to a market failure?

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