Business, 24.02.2020 19:36 ImmortalEnigmaYT
Grace wants to sell her motorcycle, and Gregory is looking for a used motorcycle to buy. Gregory takes it for a test drive. Grace knows that the clutch is going out on her motorcycle, the fuel filter is leaking, and the tires will need to be replaced soon. If she does not disclose this information to Gregory and he cannot tell from his test drive, this is an example of
a. an external benefit.
b. asymmetric information.
c. an external cost. a public good.
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Grace wants to sell her motorcycle, and Gregory is looking for a used motorcycle to buy. Gregory tak...
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