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Other Fields Homework Help Economics Topic started by: tuggy on May 23, 2017



Title: What is likely to happen in a used-car market if the buyers feel that the best they can do is to buy ...
Post by: tuggy on May 23, 2017
What is likely to happen in a used-car market if the buyers feel that the best they can do is to buy a lemon?
A) The sellers of gems reap high profits.
B) Higher gains from trade are realized.
C) The entire market shuts down.
D) The sellers of lemons earn high profits.


Title: Re: What is likely to happen in a used-car market if the buyers feel that the best they can do is to ...
Post by: Simpleman on May 23, 2017
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Title: Re: What is likely to happen in a used-car market if the buyers feel that the best they can do is to buy ...
Post by: tuggy on Jul 7, 2017
Thanks for helping on my microeconomics tutorial