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There is a market for used scooters around campus. There are 3 primary suppliers of used scooters, Adam, Beth, and Carla. Adam supplies around 120
There is a market for used scooters around campus. There are 3 primary suppliers of used scooters, Adam, Beth, and Carla. Adam supplies around 120 scooters and he usually supplies quality scooters. Beth supplies around 50 scooters and she usually supplies lemons (low quality). Carla supplies around 130 scooters and she usually supplies quality scooters. If a quality scooter is valued at $3,000 and a lemon is valued at $400, what would a rational consumer be willing to pay without knowing who the supplier of the scooter is? (Round to 2 decimal places)
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