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    Principles of Economics
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    Exam 20: Decisions With Private Information
  5. Question
    When Quality Is Not Observable by Buyers, It Is Difficult
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When Quality Is Not Observable by Buyers, It Is Difficult

Question 150

Question 150

Multiple Choice

When quality is not observable by buyers, it is difficult for buyers to purchase


A) at a low price.
B) because they have an advantage over sellers.
C) high-quality products.
D) because of their overconfidence.

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