In a market where there is a separating equilibrium, different types of agents make different choices of actions.

Name: In a market where there is a separating equilibrium, different types of agents make different choices of actions.
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In a separating equilibrium, different types of agents have different information and preferences, which leads to them making different choices of actions. This is what allows the market to "separate" the different types of agents into different outcomes.

In a Market Where There Is a Separating Equilibrium, Different