Social Studies, 14.07.2020 19:01 falabit
Consider a second hand car market where three types of cars are being sold: High quality (H), medium quality (M) and low quality (L). Sellers value an H at $2000, an M at $1200 and an L at $800, whereas buyers value an H at $1800, an M at $1600 and an L at $1400. As discussed in the "Akerloff’s Lemons Market", sellers are able to distinguish between different quality cars but buyers are not and a buyer believes that inthismarket40%ofthecarsisanH,30%of thecarsisanM and30%ofthecarsis an L. (a) (10 points) Determine which type of cars will be sold at the efficient allocation. (b) (10 points) Determine which type of cars will be sold at the market equilibrium.
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Agroup of people who, because of their physical characteristics or cultural practices, are singled out and treated unequally.
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What was an important effect of blackstone's commentaries of the laws of england? a. people in england no longer had to pay taxes b. common law became more accessible c. judges were able to rule as they d. the rights of the accused were done away with.
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Personality traits.. .remain stable throughout life ..change at different rates to different degrees ..are more obvious during childhood ..all of the above
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Consider a second hand car market where three types of cars are being sold: High quality (H), medium...
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