Microeconomics question

User Generated

fpbgg058

Economics

Description

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?


User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer


Anonymous
Excellent! Definitely coming back for more study materials.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Similar Content

Related Tags