Bob is hired to do computer sales for an electronics store. he agrees that if he leaves his employment, he will not work for another computer store within twenty-five miles for a period of two years. this type of agreement is called a(n) choicea. covenant not to competeb. implied-in-law contractc. quasi-contractd. termination agreemente. public policy agreement

Many potential buyers value high-quality used cars at the full-information market price of € p1 and lemons at € p2. a limited number of potential sellers value high-quality cars at € v1 ≤ p1 and lemons at € v2 ≤ p2. everyone is risk neutral. the share of lemons among all the used cars that might be potentially sold is € θ . suppose that the buyers incur a transaction cost of $200 to purchase a car. this transaction cost is the value of their time to find a car. what is the equilibrium? is it possible that no cars are sold