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    Exam 7: Consumers, Producers and the Efficiency of Markets
  5. Question
    If Buyers Are Irrational Then
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If Buyers Are Irrational Then

Question 51

Question 51

Multiple Choice

If buyers are irrational then:


A) free market solutions are inefficient.
B) free market solutions maximize total surplus.
C) all of these answers.
D) free market solutions are equitable.

Correct Answer:

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