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Why Is It So Difficult To Buy a High-Quality Used Car?

Why Is It So Difficult To Buy a High-Quality Used Car?

With prices of new vehicles at all-time highs, many buyers are looking for used vehicles. It can be challenging, though, to figure out what is or isn't a good deal. The September 2016 issue of Page One Economics explains why asymmetric information makes it difficult for used-car buyers to avoid "lemons" and why lemons are a larger problem for the used-car market.... Show More

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