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Author Question: Adverse SelectionSuppose you see a 2005 Ford Mustang advertised in the local newspaper for $9,500. ... (Read 122 times)

jlbond23

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on: Nov 23, 2022
Adverse Selection

Suppose you see a 2005 Ford Mustang advertised in the local newspaper for $9,500. If you could be sure that the car is reliable, you would be willing to pay $11,400 for the car. If you could be sure that the car is unreliable, you would be willing to pay $5,700 for it. What is the maximum probability of the car being unreliable at which you would purchase the car?
Please round your final answer to the nearest percent.
◦ 33%
◦ 67%
◦ 83%
◦ 17%
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by jlbond23 on Nov 23, 2022

hiyayyay

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Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jlbond23

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Reply 2 on: Nov 23, 2022
:D TYSM

nathang24

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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