Monday, February 16, 2015

Emma Spreng, Chapter 2, Question 6

Wheelan talks in this chapter about incentives and how critical they are to economics. A passage that I found interesting was the one about the real estate agent and how they would rather sell your house and get less of a commission just so they wouldn't have to do so much work. The agent wants to sell your house at a higher price but that would result in more time waiting for someone to be willing to buy at that price which would also result in less business for the agent because they are so preoccupied with trying to the house at a high price.

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