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Adverse selection The supply of high quality good is MCH = 25 + Q ; The demand of high-quality good PH =95 The supply of

Adverse selection
The supply of high quality good is MCH = 25 + Q ; The demand of high-quality good PH =95
The supply of low quality good is Q ; The demand of low quality good is PL = 55
a. What are the prices and quantity with perfect information. b. What are the prices and quantity without information.

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