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John and Jack are both trying to sell a used car to Jim. John’s car is a lemon, a car that has a serious but nonobvious problem. Jack’s car is a cherry, a car that has no problems. Jim cannot tell the
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3 votes
John and Jack are both trying to sell a used car to Jim. John’s car is a lemon, a car that has a serious but nonobvious problem. Jack’s car is a cherry, a car that has no problems. Jim cannot tell the difference between the cars. Economists say this information problem might be solved with signaling. Who has an incentive to find a way to signal quality?A. Both Jack and JohnB. Jack but not JohnC. John but not JackD. Jim

User Mohamed Taboubi
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2 Answers

6 votes

Answer:

D

Step-by-step explanation:

User Waveter
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5.4k points
3 votes

Answer:

D

Step-by-step explanation:

Jim as a buyer should have an assistance and incentive

User Abeln
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5.2k points
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