As a result of the seizing up of the capital markets in 2008, and the shutting down of the CMBS market specifically, life insurance companies, the traditional providers of long-term fixed rate debt to commercial real estate, increased their volume of lending such that they have completely filled the vacuum left by the severe reduction of CMBS origination.

True or false?

(a) what was the opportunity cost of non-gm food for many buyers before 2008? (b) why did they prefer the alternative? (c) what was the opportunity cost in 2008? (d) why did it change?

Afarmer is an example of what kind of producer?

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