subject
Business, 19.06.2020 22:57 lmiranda5034

g There are 100 used laptop for sale on the market. 38% of them are in good condition, and the rest of them are broken, which is the common knowledge to the owners and the buyers. Owners of broken laptops are willing to sell them for $500. Owners of good used laptops are willing to sell them if the price is above $1600 but will keep them if the price is lower than $1600. There is a large number of potential buyers who are willing to pay $2200 for a good laptop and $900 for a broken laptop. Buyers can't tell good laptops from bad, but original owners know. In equilibrium, what could be the maximum price set for a broken laptop to be sold?

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 20:30
technology is the application of knowledge and tools to solve problems and perform tasks more efficiently. t/f
Answers: 1
question
Business, 22.06.2019 13:00
Explain the relationship between consumers and producers in economic growth and activity
Answers: 1
question
Business, 22.06.2019 20:00
Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact thatmr=mc at the optimal quantity for each firm. furthermore, a monopolistically competitive firm's average total cost in long-run equilibrium isless than the minimum average total cost. true or false: this indicates that there is a markup on marginal cost in the market for engines. true false monopolistic competition may also be socially inefficient because there are too many or too few firms in the market. the presence of the externality implies that there is too little entry of new firms in the market.
Answers: 3
question
Business, 22.06.2019 21:20
What business practice contributed most to andrew carnegie’s ability to form a monopoly?
Answers: 1
You know the right answer?
g There are 100 used laptop for sale on the market. 38% of them are in good condition, and the rest...
Questions
question
Mathematics, 15.01.2021 07:40
question
Mathematics, 15.01.2021 07:40
question
Geography, 15.01.2021 07:40
question
Mathematics, 15.01.2021 07:40
question
Social Studies, 15.01.2021 07:40
Questions on the website: 13722367