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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Related Book For
The Economics Of Money Banking And Financial Markets
ISBN: 978-0134376936
6th Canadian Edition
Authors: Frederic S Mishkin ,Apostolos Serletis
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