Question: Please help (a) Suppose a lemons car is valued at $2500 and a good car is valued at $5000. If you know that there is

Please help

$Please help (a) Suppose a \"lemons\" car is valued at $2500 and$

(a) Suppose a \"lemons\" car is valued at $2500 and a good car is valued at $5000. If you know that there is a 50% chance of getting each, what is the expected value of the car. (b) What Will happen in the market if the price is based on the ex pected value. Explain

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