Two Types of Used Fender Stratocaster Guitars Are Available for Sale

question 160

Multiple Choice

Two types of used Fender Stratocaster guitars are available for sale: those made in the U.S.and those made in Mexico.It is impossible for the buyer to know which is which,but the seller knows.The value of a U.S.Stratocaster is $900 and the value of a Mexican Stratocaster is $400.The U.S.Stratocasters are 30% of Fender's production and the Mexican Stratocasters are 70% of production.No seller must sell a guitar for less than the guitar's value.
-Refer to the information above.Suppose that Fender discloses that a small stamp on the back of the guitar neck identifies its country of origin.As a result,

• A) sellers with Mexican-made Stratocasters will receive larger bids.
• B) sellers with U.S.-made Stratocasters receive will smaller bids.
• C) used Mexican-made Stratocasters will not be available for purchase.
• D) used U.S.-made Stratocasters will be available for purchase.
• E) nothing changes.

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