Which one of the following is NOT true of a thin market?
A) It is caused by asymmetric information.
B) There are relatively few high-quality goods sold.
C) There may be some sellers of high-quality goods because people are in a hurry to sell.
D) The price of the good sold will be higher than if the market were thicker.

Question

Quizplus · Accepted Answer

The price of the good sold in a thin market is likely to be lower than if the market were thicker, because there are fewer buyers and sellers and thus less competition.

Which One of the Following Is NOT True of a Thin