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trancy trancy
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4 years ago


Table 14.1


In Table 14.1, Market 1 would be in equilibrium if buyers believed lemons accounted for:

▸ 60% of the market.

▸ 55% of the market.

▸ 45% of the market.

▸ 40% of the market.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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DryPhantomDryPhantom
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4 years ago
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