Supposing that Andrew's maximum willingness to pay for an antique car is $250,000, it is TRUE that Andrew will not buy the antique car because it would be worth less to him than its market price of $300,000
The maximum willingness to pay represents the maximum price Andrew, in this instance, is willing to pay for the antique car. Since his maximum willingness to pay is $250,000, and the market price is $300,000, Andrew is not likely to buy the car.
Thus, it is TRUE that keeping his maximum willingness to pay in mind, Andrew will not buy the antique car because it would be worth less to him than its market price of $300,000.
Learn more about willingness to pay at https://brainly.com/question/8449170
