a. Explain how pre nuptial agreements can be considered a method to reduce asymmetric information in the marriage market. Which type of asymmetric information problem do they address? b. New women's designer handbags can have price upwards of $2000 and can be as high as $90,000. A lot women therefore move to the used market for these accessories. Assume there are two types of handbags in the used designer bags market. Assume the value of a good quality used hand bag is $1500 and the value of a bad quality used handbag is $300. Further assume that the bags are equally distributed in this market. If the bags are only sold online and as a buyer you cannot truly ascertain its correct value what will be equilibrium price of a hand bag in this market? What type of asymmetric information does this problem illustrate. c. Now consider the advent of websites like poshmark.ca which guarantee the quality of the used handbag but charge a higher price. Explain the rationale behind such online retailers and why are consumers willing to pay a higher price here