Business
Business, 01.08.2019 04:50, ava5015

Where there is asymmetric information between buyers and sellers: ?

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Business, 12.08.2019 22:20, shelbyhood8329
Suppose that there is asymmetric information in the market for used cars. sellers know the quality of the car that they are selling, but buyers do not.buyers know that there is a 40% chance of getting a "lemon", a low quality used car. a high quality used car is worth $30,000, and a low quality used car is worth $15,000.based on this probability, the most that a buyer would be willing to pay for a used car is $
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Business, 11.09.2019 23:30, jstamey757
Websites, such as craig's list and ebay, function as middlemen by a. increasing the costs associated with matching sellers and buyers. b. decreasing the volume of internet trade. c. increasing the efficiency in matching sellers and buyers. d. increasing the amount of time it takes for buyers to locate sellers.
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Business, 18.09.2019 04:30, tripleog12716
Adam smith's invisible hand only leads to an efficient outcome when. a. buyers are fully informed about all relevant aspects of a product and the market in which it is traded. b. buyers collect information up to the point at which the marginal cost of having more information equals the marginal benefit of having more information. c. buyers have more information about the product being traded than do sellers. d. buyers have less information about the product being traded than do sellers.
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Business, 29.10.2019 07:31, Yomarie1104
Which of the following is not correct? select one: a. taxes levied on sellers and taxes levied on buyers are not equivalent. b. a tax places a wedge between the price that buyers pay and the price that sellers receive. c. the wedge between the buyers’ price and the sellers’ price is the same, regardless of whether the tax is levied on buyers or sellers. d. in the new after-tax equilibrium, buyers and sellers share the burden of the tax.
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