Name three reasons why Linda Lo, a buyer of a second-hand car, had difficulties buying what she wanted in the traditional markets.

Question 1 Refer to the article “An Online Tune-Up for the Used-Car Marketplace” in The New York Times, by Farhad Manjoo of April 22, 2015.

-Name three reasons why Linda Lo, a buyer of a second-hand car, had difficulties buying what she wanted in the traditional markets.

-How does the online company Beepi avoid the adverse selection problem?

-Does Beepi’s business model solve the costly-to-fake and full-disclosure principles?

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