Used cars are sold in:

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Used cars are sold in:

A. Perfectly competitive international market

B. Perfectly competitive national market

C. Imperfect international market

D. Imperfect local market

The market for used cars is imperfect because buyers do not have perfect information about product quality. Mostly they can not be sold in national market b/c used cars are also relatively costly to transport.}

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Accepted Answer

D. Imperfect local market

Used cars are sold in:

Correct Answer :

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