Multiple Choice
Relative to the prices that would be observed in an uncontrolled market, prices charged in a black market are generally
A) lower, since sellers have trouble locating buyers.
B) lower, since buyers have trouble locating sellers.
C) higher, since black market sellers compensate for the risk of being caught.
D) higher, since most buyers enjoy goods more if they are illegal.
Correct Answer:
Verified
Correct Answer:
Verified
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