Pearson eText Microeconomics -- Access Card
Pearson eText Microeconomics -- Access Card
2nd Edition
ISBN: 9780136849513
Author: Acemoglu, Daron, Laibson, David, List, John
Publisher: PEARSON
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Chapter 16, Problem 2Q
To determine

Process because of which bad cars are able to drive out the good ones.

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There is a market for second-hand cars. There are 100 good cars and 100 bad cars, and there are 200 sellers and 200 buyers. A seller values a good car 400 dollars and bad car 200$. A buyer values good cars for 500$ and bad car for 250$. How many cars will be exchanged for which price?
What are your three choices for reducing the amount of time spent waiting in traffic? What distinguishes one from the other in terms of quality?

Chapter 16 Solutions

Pearson eText Microeconomics -- Access Card

Ch. 16 - Prob. 1QCh. 16 - Prob. 2QCh. 16 - Prob. 3QCh. 16 - Prob. 4QCh. 16 - Prob. 5QCh. 16 - Prob. 6QCh. 16 - Prob. 7QCh. 16 - Prob. 8QCh. 16 - Prob. 9QCh. 16 - Prob. 10Q
Ch. 16 - Prob. 1PCh. 16 - Prob. 2PCh. 16 - Prob. 3PCh. 16 - Prob. 4PCh. 16 - Prob. 5PCh. 16 - Prob. 6PCh. 16 - Prob. 7PCh. 16 - Prob. 8PCh. 16 - Prob. 9PCh. 16 - Prob. 10PCh. 16 - Prob. 11P
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