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Actor Ernie Kovacs portraying a used-car salesman. Akerlof's paper uses the market for used cars as an example of the problem of quality uncertainty. A used car is one in which ownership is transferred from one person to another, after a period of use by its first owner and its inevitable wear and tear.
Lemon law protection arises under state law, with every U.S. state and the District of Columbia having its own lemon law. [1] Although the exact criteria vary by state, new vehicle lemon laws require that an auto manufacturer repurchase a vehicle that has a significant defect that the manufacturer is unable to repair within a reasonable amount of time. [2]
In 1915, in response to competition from imported Italian lemons, which at that time had nearly half the American market, Sunkist started aggressively marketing the benefits of Sunkist lemons, promoting their use as a hair rinse, in tea, in pie and as a food garnish. By 1924, California lemons had 90% of the American lemon market. [3]
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Nancy Crow and her husband, John Stitzlein, live on a 218-acre farm in Liberty Township in northern Fairfield County, one that grows thick with hay and corn and soybeans and memories.. A 1,000 ...
The fresh fruit market; The processed citrus fruits market (mainly orange juice) Oranges account for the majority of citrus production but the industry also sees significant quantities of grapefruits, pomeloes, lemons, and limes.
In American English, a lemon is a vehicle that turns out to have several manufacturing issues affecting its safety, value or utility. Any vehicle with such severe issues may be termed a lemon, and by extension, the term may include any product with flaws too great or severe to serve its purpose.
There must be something appealing about central Ohio to national chicken chains. Huey Magoo's is the latest to enter the local market, with an opening May 29 at 53 W. Wilson Bridge Road in ...