Many university bookstores will buy back used textbooks. Depending on the bookstore's present stock and which textbooks

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Many university bookstores will buy back used textbooks. Depending on the bookstore's present stock and which textbooks are required for upcoming courses both on campus and on campuses elsewhere, a student could receive as much as \(50 \%\) of the retail purchase price after a course ends. Why would a bookstore make such a commitment in terms of dealing with moral hazard concerns?

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Microeconomics

ISBN: 9781292215624

8th Global Edition

Authors: Jeffrey Perloff

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