Question: You want to determine whether the market for single engine airplanes

You want to determine whether the market for single-engine airplanes has a lemons problem. Can you use any of the following information to help answer this question? If so, how?
a. Repair rates for original- owner planes versus planes that have been resold
b. The fraction of planes resold in each year after purchase


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  • CreatedNovember 13, 2014
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