Question: Q 2 . ( 1 0 points ) Consider a car market: cars live two periods. If a consumer buys a car, she can use
Q points Consider a car market: cars live two periods. If a consumer buys a car, she can use it for two years. The car bought by a consumer is called a new car in the first period and an old car in the second period. A consumer can own and use only one car in one period. There is one high type and one low type consumer.
tableConsumer Type,WTP for New periodWTP for Old period
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