Microeconomics (2nd Edition) (Pearson Series in Economics)
Microeconomics (2nd Edition) (Pearson Series in Economics)
2nd Edition
ISBN: 9780134492049
Author: Daron Acemoglu, David Laibson, John List
Publisher: PEARSON
Question
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Chapter 16, Problem 3P

(a)

To determine

Types of sellers willing to sell at $400, expected value for buyer, and reason for failure of $400 to act as an equilibrium price.

(b)

To determine

Reason for failure of $150 to act as an equilibrium price.

(c)

To determine

A way for mattresses with no bed bugs to be sold.

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