The buyers unsure about when a market has an adverse selection problem due to seller's having private information the price that each seller is charging.
What is a price?
- The sum or amount of money or value that something is bought, sold, or offered for sale.
- Amount offered for capture of survivors or deceased:
- The authorities placed a bounty on his head.
- The amount of the price or compensation (usually non-negative).
- In some cases, the production price is given another name.
- This competition of sellers versus sellers and buyers versus buyers determines the price of a product.
- Price is a measure of how rare a product is compared to all other products and all income.
- By definition, a price is the amount a customer must pay for a product or service.
- In other words, a price is a sale offer in a currency for a certain amount.
- The word offer here indicates that the price may change if an insufficient number of customers are found at the original price of the product.
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