YouaretryingtodecidehowmuchyoushouldbidonaKenGriffey Jr.rookiebaseball cardingoo

YouaretryingtodecidehowmuchyoushouldbidonaKenGriffey
Jr.rookiebaseball cardingoodconditiononEbay.Younoticethattherehavebeen8transactionsinvolvingKen Griffey Jr.
cards in the last month on Ebay.Transaction#ConditionofcardPricepaid
forcard1Excellent$
8002Poor$
2003Good$
5504Good$
5005Excellent$
8506Good$
4007Poor$
3508Excellent$650a. Estimate how much you would be
willing to pay for the card.b.
Nowassumethatthesellerofthecardhasbeenratedpoorlybyotherbuyers 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?