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Jerry's Auction House in Purloined Hubcap, Oregon, holds sealed-bid used-car auctions every Wednesday. Each car is sold to the highest bidder at the second-highest bidder's bid. On average, of the cars that are auctioned are lemons and
are good used cars. A good used car is worth $1,800 to any buyer. A lemon is worth $240 to any buyer. Most buyers can do no better than picking at random from among these used cars. The only exception is Al Crankcase. Recall that Al can sometimes detect lemons by tasting the oil on the car's dipstick. A good car never fails Al's test, but half of the lemons fail his test. Al attends every auction, licks every dipstick, and bids his expected value of every car given the results of his test. Al will bid
Heterosexuality
Heterosexuality is the romantic or sexual attraction between individuals of the opposite sex.
Pornography
Printed or visual material containing explicit sexual content intended to arouse sexual desire in its audience.
Porn Users
Individuals who consume pornography, content intended to arouse sexual excitement.
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