Describe the equilibrium in the market for used cars, Microeconomics

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Describe the equilibrium in the market for used cars

Problem

Some car dealers offer used cars for sale with warranties and some offer them without warranties. Describe the equilibrium in the market for used cars. Is the market efficient?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Describe the equilibrium in the market for used cars

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