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When Buyers Know More Than Sellers About How Costly the Buyers

Question 32

Multiple Choice

When buyers know more than sellers about how costly the buyers are likely to be to the sellers, then


A) sellers are likely to charge a price that drives the most expensive customers out of the market.
B) buyers will exert pressure on sellers to charge a price based on the least expensive customers.
C) buyers will exert pressure on sellers to charge a price based on the most expensive customers.
D) sellers are likely to charge a price that drives the least expensive customers out of the market.

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