Multiple Choice
In the used car market,with a pooling equilibrium the price of a lemon is ________ the price of a good used car and with a separating equilibrium the price of a lemon is ________ the price of a good used car.
A) less than; equal to
B) equal to; less than
C) equal to; more than
D) more than; more than
E) equal to; equal to
Correct Answer:
Verified
Correct Answer:
Verified
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