Barbara jones and lynn smith own a business called design collaborative. barbara jones and lynn smith own a business called design collaborative. two years later, smith decides to pursue a different career. she leaves all activity with the design firm but retains stock. jones continues to operate the firm under the original name and without reorganizing. design collaborative is a:

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