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You are in the market for a used car. Suppose that the value of a low quality used car is $5,000 and the value of a high quality car is $12,000. Suppose that you cannot distinguish with certainty the quality of the used car but you have 65% information based on the Carfax that the used car you were willing to buy is of high quality. How much are you willing to pay for the used car?
a. $5,000
b. $7750
c. $12,500
d. $9875
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At the time of closing, Willis has made a substantial beginning on the house. Explain however, Leslie refuses to transfer the title, claiming the oral contract is not enforceable.
Imagine your agency is ready to solicit bids for a new project. You are tasked with drafting a Request for Proposal (RFP) that will appeal to the new contracting firm you outlined in Assignment 1. Note: You may create and / or assume all necessary as..
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