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Author Question: If a seller of a high-quality good cannot prove the quality of that good: (Read 124 times)

clmills979

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on: Jul 21, 2019
If a seller of a high-quality good cannot prove the quality of that good:
◦ the good will never be offered for sale.
◦ buyers will only be willing to pay the amount for which they value a low-quality good.
◦ buyers will not be willing to pay the amount for which they value a high-quality good.
◦ the good will trade at its equilibrium price.
Microeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 8th Edition
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Marked as best answer by clmills979 on Jul 21, 2019

briseldagonzales

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Reply #1 on: Jul 21, 2019
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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clmills979

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Reply 2 on: Jul 21, 2019
Great answer, keep it coming :)

yeungji

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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