Buyers of used mopeds value good ones at $8,200 and value bad ones at $6,000. Sellers value good ones at $7,050 and value bad ones at $5,550. Assume buyers cannot observe type prior to purchase, but believe fraction x are good ones. What is the minimum fraction x needed in order to prevent market failure, where some mopeds don't trade? Group of answer choices  0.51 0.48 0.44 0.4

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Buyers of used mopeds value good ones at $8,200 and value bad ones at $6,000. Sellers value good ones at $7,050 and value bad ones at $5,550. Assume buyers cannot observe type prior to purchase, but believe fraction x are good ones. What is the minimum fraction x needed in order to prevent market failure, where some mopeds don't trade?

Group of answer choices

 0.51

0.48

0.44

0.4

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