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I'd like to know the reason why A) and C) is not the right answer. Q15. Suppose there are only two types of cars, high

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I'd like to know the reason why A) and C) is not the right answer.

image text in transcribed
Q15. Suppose there are only two types of cars, high quality ones worth 10000 (75% of the market for used cars) and lemons worth 5 000. Potential buyers do not know which cars are high quality, but they do know the proportion of high quality cars in the market. Sellers are happy to accept a price at least 75% of the value of the car. Which of the following statements are true? (a) The maximum buyers will pay for a car is 7500 (b) If the price in this market is set to 5000, all the cars will sell (0) There is a unique equilibrium price at which all the cars will sell

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