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When Buyers Use ___________________ to Draw Inferences About the Quality

Question 39

Multiple Choice

When buyers use ___________________ to draw inferences about the quality of products, then markets may have trouble reaching _________________ and quantity.


A) adverse selection; an equilibrium price
B) imperfect information; a market price
C) the market price; an equilibrium price
D) imperfect selection; a market price

Correct Answer:

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