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In Relation to Prices That Would Prevail in an Uncontrolled

Question 17

Multiple Choice

In relation to prices that would prevail in an uncontrolled market, prices charged by a black market are usually


A) lower, since it is hard for the sellers to locate buyers.
B) lower, since it is hard for the buyers to locate sellers.
C) higher, since black marketers expect compensation for the risk of being caught.
D) higher, since most people enjoy goods more if they are illegal.

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