Change if buyers pay 8 every unit to the intermediary but, Ask an Expert

Economics

Q. a. Verify of all the prices also quantities calculated in the Talk about.

b. Now suppose that intermediaries come from a competitive marketplace with an equilibrium price of $8 every unit for their services, that is, any buyer or seller who wants an intermediary's services must pay $8 for them. Illustrate what is the maximum every unit that sellers are willing to pay intermediaries if hiring them saves buyers $8 in transaction costs?

c. Change if buyers pay $8 every unit to the intermediary but sellers offer to rebate part of that expense to buyers?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9162939

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