Consider the file named HW8 Asymmetric Information. This time assume that buyers have no clues about the qualities of the cars. In that case, according to Ackerlof's theory, the number of lemons and plums sold in the market will equal _____ and _, respectively, for a total of _____ cars sold by car owners.

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05-06-2024
Mathematics

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Consider the file named HW8 Asymmetric Information. This time assume that buyers have no clues about the qualities of the cars. In that case, according to Ackerlof's theory, the number of lemons and plums sold in the market will equal _____ and _, respectively, for a total of _____ cars sold by car owners.

Sagot :

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