Alister, a finance graduate, interviewed for the position of executive financial analyst at an investment firm. He had a one-on-one interview with the head of the finance department. During his interview, Alister was asked by the interviewer to imagine a scenario in which a subordinate and a supervisor, both working on the same project, have a conflict on both personal and professional levels. He was then asked to describe his approach to solving this problem effectively. In this case, Alister attended a:

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