Monday, November 9, 2009

Super-simple questions

Let's say you want to get something fixed, say a car. One company will give you a free estimate of what the repair will cost. Another company charges for the estimate, meaning that you pay for the estimate whether or not you end up using their service.

Under what conditions should you go with the first company? The second company?

Like I said, a super-simple problem, like most of economics!

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