Question: try the best that you can please with steps 3. In the Lemon Market chapter, we discussed market failure where there is no market for

try the best that you can please with steps

3. In the "Lemon Market" chapter, we discussed market failure where there is no market for a new car that has just been purchased from the dealer and offered for resale, since prospective buyers will assume it is a lemon. Information asymmetry can cause quality to deteriorate to such low levels that the market may fail to exist. List at least two possible practices that can help to alleviate the lemon market problem. (8 points)

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