If a company is considering the purchase of a parcel of land that was acquired by the seller for $99,000 is offered for sale at $178,000, is assessed for tax purposes at $109,000, is recognized by the purchaser as easily being worth $168,000, and is purchased for $165,000, the land should be recorded in the purchaser's books at:

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