Suppose you see a 2015 Honda Civic hatchback advertised in the campus newspaper for $9,000. If you
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Suppose you see a 2015 Honda Civic hatchback advertised in the campus newspaper for $9,000. If you could be sure that the car is reliable, you would be willing to pay $10,000 for it. If you could be sure that the car is unreliable, you would be willing to pay $5,000 for it. Under what circumstances should you buy the car?
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