A conclusion of the asymmetric information tennis racquet eBay transaction case study developed in class was that:
a. a separating equilibrium could be restored with some of the tools that eBay uses, including money-back warranties and ratings defining the reputation of sellers.
b. a separating equilibrium will likely take place, but with prices much higher than in markets that are an alternative to eBay.
c. all racquets are likely to be fake.
d. a pooling equilibrium could be restored with some of the tools that eBay uses, including money-back warranties and ratings defining the reputation of sellers.