Akerlof showed that this differential information may cause the used car market to collapse; that is, the information possessed by sellers of used cars destroys the market.
2
随着二手车价格的上升,新车和二手车的价格差异越来越小,这将导致一些二手车的买主转而购买新车。
As prices of used vehicles increase, the difference between new and used should narrow, attracting some buyers of used to switch to new.
3
两人马上意识到转卖二手车的市场潜力,迅速和北京、上海、广州、深圳的二手车市场建立了联系。
The two then realized the economic potential in selling second-hand cars, establishing contacts in the used car markets in Beijing, Shanghai, Hangzhou and Shenzhen.