ARE/ECN 115A Fall 2023\ Problem Set 3: Market Structure and Asymmetric Information in Credit Markets\ Due: Nov 16, 2023 by 11:59 PM PST\ Instructions:\ In this problem set, we explore how two different types of information problems affect the\ equilibrium in the credit market. We also explore the role of market structure (are there lots of\ competing lenders or a single monopolistic lender).\ 1. By writing your name above and submitting this Problem Set, you are agreeing to adhere to the\ Copyright statement and the Code of Academic conduct as highlighted on the course syllabus.\ 2. Download this PDF file to your computer and open it using Acrobat Reader (the free version of\ the software). Trying to fill it in through your internet browser or with another software may\ cause some features of this document not to work.\ 3. You will make extensive use of Excel in this Problem Set. If you do not have Excel already\ installed on your computer, please refer to the Additional UC Davis Resources for Students\ page on Canvas (under Modules/Syllabus & Student Resources).\ 4. You can work individually or in groups of up to 3 members. You can use the discussion board\ page on Canvas to find group members.\ 5. Your group will turn in a single PDF of the problem set on Gradescope. Indicate the members\ in your group on both this pdf and on Gradescope at the time of submission