1.17 How can Larry signal that he is selling a good car so that you are willing...

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1.17 How can Larry signal that he is selling a good car so that you are willing to pay Larry the price that he knows his car is worth, and a higher price than what you are willing to offer Harry? Larry has a good car that he wants to sell; Harry has a lemon that he wants to sell. Each knows what type of car he is selling.

You are looking at used cars and plan to buy one.

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Economics

ISBN: 9781118150122

10th European Edition

Authors: Michael Parkin, Dr Melanie Powell, Prof Kent Matthews

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