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Title: For Figure 8-9, demand with zero transaction costs is Q1d=50-P and supply to Qs = - 7 + 2p. a.Verify all of the prices a

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For Figure 8-9, demand with zero transaction costs is Q1d=50-P and supply to Qs = - 7 + 2p. a.Verify all of the prices and quantities calculated in the discussion b. Now assume that intermediaries come from a competitive market with an equilibrium price of $8 per unit for their services, that is, any buyer or seller who wants an intermediary’s services must pay $8 for them. What is the maximum per unit that sellers are willing to pay intermediaries if hiring them saves buyers $8 in transaction costs? c. Does your answer to Question 16a change if buyers pay $8 per unit to the intermediary but sellers offer to rebate part of that expense to buyers?


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Title: For Figure 8-9, demand with zero transaction costs is Q1d=50-P and supply to Qs = - 7 + 2p. a.Verify all of the prices a

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    • Posted Date: May 4, 2012 at 5:23:27 PM

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... 8-9, demand with zero transaction costs is Q1d=50-P and supply to Qs = - 7 + 2p. a.Verify all of th...

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