Tinytrevi2301 Tinytrevi2301
  • 13-12-2022
  • Business
contestada

consumers know that some fraction q of all new cars produced and sold in the market are non-defective. the defective ones cannot be identified except by those who own them. cars do not depreciate with use. consumers are risk-neutral and value non-defective cars at $5,500 each. new cars sell for $5,000 and used cars sell for $2,500. what is the fraction q?

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