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Please help me with all steps 2. In Sacramento there are 1000 used cars for sale, half of them are good and half of them

Please help me with all steps

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2. In Sacramento there are 1000 used cars for sale, half of them are good and half of them are lemons. Owners of lemons are willing to sell them for 5200. Owners of good used cars are willing to sell them for prices above 51,100 but will keep them ifthe price is lower than $1,100. There is a large number of potential buyers who are willing to pay $500 for a lemon and $1,500 for a good car. Buyers can't tell good cars from bad, but original owners know. Pick the correct answer from the following options and briey explain. a. There will he an equilibrium in which all used cars sell for $650. b. There will he an equilibrium in which lemons sell for $200 and good used cars sell for $1,100. c. There will he an equilibrium in which all used cars sell for 51,000. d. The only equilibrium is one in which all used cars on the market are lemons and they sell for 5500. c. There will be an equilibrium in which lemons sell for $500 and good used cars sell for $1.500

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