Go to eBay, Craigslist, Amazon, or any other site where you can buy used products and find
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Go to eBay, Craigslist, Amazon, or any other site where you can buy used products and find something you might want to purchase. Does the seller have private information about the quality of the good? How much are you willing to pay for the product? Explain how the seller’s private information influences your willingness to pay. What are some strategies that you can use to determine the quality of the used product before you make a purchase?
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Related Book For
Principles Of Economics
ISBN: 9781319330156,9781319419769
2nd Edition
Authors: Betsey Stevenson, Justin Wolfers
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