Business, 15.08.2020 20:01 dukkchild666

Suppose you are about to buy a car and ask to see a vehicle history report to check previous accidents or problems reported for that car. When you are told that this information is not available, you decide not to buy the car. A) Do ypu think this illustrates an adverse selection or moral hazard problem?
B) What is the connection between the lack of information and the probability that a transaction will occur?

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