Claire is looking to purchase a second-hand jeep. Owen is interested in selling his current jeep and upgrading. Looking at a jeep, it is impossible to determine the quality of a jeep but we assume that there are a variety of different quality second-hand jeeps available. (a) What is going to determine how much Claire is willing to pay for a second-hand jeep (outside of general preferences of model, colour, size, kms done on the vehicle etc). (b) If Owen's car is a 'peach', how likely is he to find a buyer for his jeep? What can he do to increase the probability that Claire will offer him the true amount his jeep is worth?