单项选择题

Mr. Smith has, over the years, established his name as a successful used-car dealer in the

minds of local people. He places regular though small advertisement in newspapers ______ affordable second-hand cars, vans and trucks.A．featuringB．charting

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问答题

You are in the market for a used car. At a used car lot, you known that the blue book valu

e for the cars you are looking at is between $20,000 and $24,000. If you believe the dealer knows as much about the car as you, how much are you willing to pay Why Assume that you only care about the expected value of the car you buy and that the car values are symmetrically distributed.

答案： Solution: You are willing to pay the average price． If the d...

单项选择题

Blue, a used car dealer, appointed Luisa as an agent to sell Blue’s cars. Luisa was author

ized by Blue to appoint subagents to assist in the sale of the cars. Paul was appointed as a subagent. To whom does Paul owe a fiduciary duty （）A．Luisa onlyB．Neither Blue nor LuisaC．Blue onlyD．Both Blue and Luisa