Family-owned businesses often discover that their borrowing power is:
a. limited by the amount of family assets.
b. strengthened by the numbers of family members involved.
c. shared by all of the family members who are involved.
d. doubled by the amount of personal assets combined with the company assets.

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