1. Describe the costs and benefits from a M&A?
2. Describe asymmetric information in the used car market and the insurance market.
3. Describe a mixed market
4. Graph the used car market with 50/50 expectations and they are not met, then draw pessimistic expectations on this same graph (price decrease).
5. What are the results from the graph in the previous question
6. Draw used car market with pessimistic expectations that are exceeded, then draw equilibrium expectations (higher price).
7. What are the results from the graph in the previous question
8. How can the asymmetric information problem be reduced in the used car market?
9. Graph the insurance market with 50/50 expectations and they are not met, then draw pessimistic expectations on this same graph (price increase).
10. What are the results from the graph in the previous question
11. How can the asymmetric information problem be reduced in the insurance market?
12. What does a bank do and how does it make money?
13. Describe adverse selection and moral hazard in the banking industry
14. What are 3 conclusions from the previous graph
15. Is international trade based on absolute advantage or comparative advantage?(explain)

1. What is a quota and tariff and how does it affect the graph in previous question