Dan owns an autographed copy of a brittany spears cd that he values at $100. if he sells the cd at the garage sale he's planning to hold in a few weeks, it will be sold to a buyer with a reservation price of $175. if he sells it on ebay, it will be sold to a buyer with a reservation price of $500. ebay will charge dan $50 to auction the cd, which just covers ebay's opportunity cost of running the auction. relative to selling the cd at his garage sale, auctioning the cd on ebay will lead:
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Dan owns an autographed copy of a brittany spears cd that he values at $100. if he sells the cd at t...
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