Question $6$

$0\mathrm{.}33$ pts

Let's say you go to the Toyota dealership and buy a new car for $$50,000.$ After a week, you decide that you don't want the car and want to sell it$.$ Yet, the resale value would likely be in a much lower range of $$40,000-$$$45,000.$ What's the reason for it$?$

Asymmetric information

Agency problem

Amortization

Depreciation