Posted: August 10th, 2022
If you were to buy a used car, how would you go about it?
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If you were to buy a used car, how would you go about it? Would you go through Carmax or some other intermediary, or would you try to connect directly to someone who is selling their own used car? How could going through an intermediary be helpful? If you don’t feel you need one, why not? (Think Asymmetric Information: The seller probably knows more about the car than you do.)
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