Question 6 2 pts There are 1,000 car sellers. The values of cars, V, are distributed uniformly between 0 and 3,000 (so, the number of cars worth less than V is V/3). The sellers’ reservation prices are zero. Potential buyers are risk neutral and value a car at its expected value. A seller may choose to have their car inspected for a fee of 300, and then will be able to sell their car for its true value. a) Suppose nobody has their car expected. What would the market price for used cars be?

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