If you believe the dealer knows as much about the car as you do, how much are

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If you believe the dealer knows as much about the car as you do, how much are you willing to pay?

Why? Assume that you care only about the expected value of the car you will buy and that the car values are symmetrically distributed.

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The Economics Of Money Banking And Financial Markets

ISBN: 978-0134376936

6th Canadian Edition

Authors: Frederic S Mishkin ,Apostolos Serletis

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