Business, 16.11.2020 18:10, alystidham772
Grace wants to sell her motorcycle, and Damarius is looking for a used motorcycle to buy. Damarius 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 Damarius and he cannot tell from his test drive, this is an example of:
a. an external cost.
b. asymmetric information.
c. an external benefit.
d. a public good.
Answers: 3
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Grace wants to sell her motorcycle, and Damarius is looking for a used motorcycle to buy. Damarius t...
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