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tuggy tuggy
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6 years ago
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.
Textbook 
Microeconomics

Microeconomics


Edition: 1st
Authors:
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SimplemanSimpleman
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tuggy Author
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#2
6 years ago
Thanks for helping on my microeconomics tutorial
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