When you are shopping for a used car, Carfax is a great resource. It offers the history of the vehicle comprising information such as service records, odometer readings and accidents. A service like...

Q16

Extracted text: When you are shopping for a used car, Carfax is a great resource. It offers the history of the vehicle comprising information such as service records, odometer readings and accidents. A service like Carfax does not mitigate the following problem of the used car market: O A. moral hazard O B. information asymmetry between buyers and sellers O C. adverse selection O D. the lemons problem