Multiple Choice
Table 9.3
-In Table 9.3, market 3 would be in equilibrium if buyers believed lemons account for:
A) 45% of the market.
B) 50% of the market.
C) 55% of the market.
D) 60% of the market.
Correct Answer:
Verified
Related Questions
Table 9.3
-In Table 9.3, market 3 would be in equilibrium if buyers believed lemons account for:
A) 45% of the market.
B) 50% of the market.
C) 55% of the market.
D) 60% of the market.
Correct Answer:
Verified