(Solution) - If you made an offer of the same price to -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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If you made an offer of the same price to Larry and Harry, who would sell to you and why? Describe the adverse selection problem that arises if you offer the same price to Larry and Harry.
Larry has a good car that he wants to sell; Harry has a lemon that he wants to sell. Each knows what type of car he is selling. You are looking at used cars and plan to buy one.