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You are trying to decide how much you should bid on a Ken Griffey Jr. rookie baseball card in good.. You are trying to decide how much you should bid on a Ken Griffey Jr. rookie baseball card in good...

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You are trying to decide how much you should bid on a Ken Griffey Jr. rookie baseball card in good..
You are trying to decide how much you should bid on a Ken Griffey Jr. rookie baseball card in good condition on eBay. You notice that there have been eight transactions involving Ken Griffey Jr. cards in the last month on eBay: a. Estimate how much you would be willing to pay for the card. b. Now assume that the seller of the card has been rated poorly by other buyers because he has misrepresented other items he has sold to them. What effect would this information have on how much you would be willing to bid for the card?
Answered 2 days After Sep 10, 2022

Solution

Rochak answered on Sep 12 2022
62 Votes
a. Assuming that the card will be in good condition, and everything will be fine I will be willing to pay $700 for the card
. This information will affect the amount I will be bidding to get the card, this is because the reviews are bad and therefore I will assume that the card which he will be...
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