Jason is looking down at the tiny vent holes on his laptop computer, and notices how dusty they have become. when blowing on the holes does not clear the dust from them, he takes a paper clip and unbends it. he then uses the straight ends to clear the dust from each of the vent holes. although this takes a bit of time, he is with the overall result. jason's ability to look at the paper clip and see something other than holding papers together illustrates that he has overcome

Many potential buyers value high-quality used cars at the full-information market price of € p1 and lemons at € p2. a limited number of potential sellers value high-quality cars at € v1 ≤ p1 and lemons at € v2 ≤ p2. everyone is risk neutral. the share of lemons among all the used cars that might be potentially sold is € θ . suppose that the buyers incur a transaction cost of $200 to purchase a car. this transaction cost is the value of their time to find a car. what is the equilibrium? is it possible that no cars are sold