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Bill sees a classified ad offering a used DVD player for $5. On the opposite page, he sees a big color ad from a national electronics chain offering new DVD players for $50. Bill values a DVD player at $75 so long as it works, regardless of whether it is new or used. 5.2. Suppose that the seller of the DVD player, Al, was honest. He had a DVD player, and then his parents gave him a new one for his birthday, so rather than throw the old one away, he tried to find it a new home and make a few dollars. What should Al have done to sell it successfully?

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Macroeconomics, Economics

Category:- Macroeconomics
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