If markets are perfect,a rational actor may reasonably conclude from the high price of a good that the good
A)is produced by a monopoly.
B)is of better quality.
C)has a greater demand for it.
D)is not known about by other consumers.

Name: If markets are perfect,a rational actor may reasonably conclude from the high price of a good that the good A)is produced by a monopoly. B)is of better quality. C)has a greater demand for it. D)is not known about by other consumers.
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Question

Quizplus · Accepted Answer

The Answer is B

If Markets Are Perfect,a Rational Actor May Reasonably Conclude from the High