Consumers of computers value high-quality ones at $1,000 and low-quality ones at $100. The supply of high-quality computers is QH = PH ? 200. The supply of low-quality computers is QL = 2PL ? 100. Only sellers know the true quality of the computers before the sale is made. If consumers think that there is a one-third chance that a computer will be of high quality, what proportion of computers will actually be high quality?
one in two
one in three
none
one in four