Mathematics, 10.05.2021 19:30 loveb1409
Suppose we have a set of three buyers who are trying to buy homes from three sellers. Suppose that seller A charges 3 for their house, seller B charges 2 for their house, and seller C charges 1 for their house The valuations for the three buyers are as follows ordered by house number (so house a, then house b, then house c):
Buyer 1: A: 1 B: 3 C: 2
Buyer 2: A: 5 B:5 C: 5
Buyer 3: A: 5 B: 3 C: 2
Assuming that this set of prices is market clearing, provide the utility for each player in the transaction.
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Suppose we have a set of three buyers who are trying to buy homes from three sellers. Suppose that s...
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