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Carfax is a web‑based service that supplies vehicle history reports to individuals on used cars: ownership history, vehicle mileage, accident reports, and other information. The existence of Carfax as a third‑party verifier in the used car industry can result in which of the following?Carfax could lead to (multiple answers)-an increase in the number of cars available in the used car market.-a reduction in the variance in the quality of cars in the used car market.-an efficient outcome in the used car market.
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