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In a market for a product, buyers value type H at $13,000 and type L at $8,800. Buyers cannot observe type, but believe that fraction
In a market for a product, buyers value type H at $13,000 and type L at $8,800. Buyers cannot observe type, but believe that fraction are type H and fraction 1 are type L. If the buyers are willing to pay a price of P = $10,060, what is
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