Business, 19.06.2020 22:57 lmiranda5034

g There are 100 used laptop for sale on the market. 38% of them are in good condition, and the rest of them are broken, which is the common knowledge to the owners and the buyers. Owners of broken laptops are willing to sell them for $500. Owners of good used laptops are willing to sell them if the price is above $1600 but will keep them if the price is lower than $1600. There is a large number of potential buyers who are willing to pay $2200 for a good laptop and $900 for a broken laptop. Buyers can't tell good laptops from bad, but original owners know. In equilibrium, what could be the maximum price set for a broken laptop to be sold?

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g There are 100 used laptop for sale on the market. 38% of them are in good condition, and the rest...