Question: Let's revisit the (land) trading problem discussed in class. Suppose that the probability that the land is of high (H) quality is 4/5, the probability

Let's revisit the (land) trading problem discussed in class. Suppose that the probability that the land is of high (H) quality is 4/5, the probability of the land being of medium (M) quality is 1/10, and the probability of the land being of low (L) quality is also 1/10. Is there a BNE equilibrium in which the high type trades? Explain

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