If the market for used computers has only lemons (low-quality computers) then the market:
A. is an example of a thick market.
B. suffers from an adverse selection problem.
C. is a type of monopoly.
D. must be monopolistically competitive
Answer:B
If the market for used computers has only lemons (low-quality computers) then the market:
A. is an example of a thick market. B. suffers from an adverse selection problem. C. is a type of monopoly. D. must be monopolistically competitive