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What happens when a seller knows more about quality than a buyer?

Two used cars can look similar while hiding very different problems. A buyer who cannot tell them apart has to decide what the uncertainty is worth, while a seller with a good car needs a way to make quality credible. Information becomes part of the transaction, alongside the car and its price.

3–7 min

Questions you could explore

  • What would make an inspection, guarantee, or reputation credible to the buyer?

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4–5 min

Why can Ireland’s inflation rate differ from your shopping bill?

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3–7 min

How can insurance spread financial risk across a group?

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What happens when a seller knows more about quality than a buyer? | Speech Topic | speaking.app