Select the statement that is false.
In the Market for Lemons model, it is possible for either no trade or some trade to exist in equilibrium
In the Market for Lemons model, the expected value of a buyer's bid is unconditional on the acceptance of that bid
In the Market for Lemons model, the self-selection of 'bad' types is also known as Adverse Selection
In the Market for Lemons model, it is possible for the outcome to be economically efficient