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Business, 26.11.2019 17:31 summer132

You walk onto a used-car lot to buy your first car. however, you are not sure about the quality of the cars in the lot and expect one-third of them to be of poor quality. refer to the scenario above. suppose you decide to buy a toyota corolla. you value the car for $10,000. you don't know it, but the car dealer values it for $8, 500. if you have a zero value for poor-quality cars, what is the most that would you be willing to pay for the car? a) $10,000 b) $5,000 c) $3,000.50 d) $6, 666.67

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