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Rhonda would like to sell her existing digital camera to upgrade to a more sophisticated one by advertising on the bulletin board in the student center. She decides against it because the used digital cameras listed on the board are underpriced. This describes the problem of________.

User Kirotab
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Answer:

Rhonda would like to sell her existing digital camera to upgrade to a more sophisticated one by advertising on the bulletin board in the student center. She decides against it because the used digital cameras listed on the board are underpriced. This describes the problem of__Adverse selection______.

Step-by-step explanation:

Adverse selection is the situation whereby one party in a negotiation process has the relevant, important, and necessary information that the other party lacks about product and services, usually in favor of the seller.

User MalaKa
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