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“The back story on front page economics.” These accessible essays cover the basics of economic topics, with a separate version for use in the classroom. Special “Focus on Finance” essays cover personal finance.


2016


(Posted 2016-09-01)

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

by Scott A. Wolla

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.

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