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  3. Study Set
    Survey of Economics Principles
  4. Exam
    Exam 9: Imperfect Information, External Benefits, and External Costs
  5. Question
    Table 9.1 -In Table 9.1, Market 1 Would Be in Equilibrium If
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Table 9.1 -In Table 9.1, Market 1 Would Be in Equilibrium If

Question 51

Question 51

Multiple Choice

  Table 9.1 -In Table 9.1, Market 1 would be in equilibrium if buyers believed lemons accounted for A)  60% of the market. B)  55% of the market. C)  45% of the market. D)  40% of the market. Table 9.1
-In Table 9.1, Market 1 would be in equilibrium if buyers believed lemons accounted for


A) 60% of the market.
B) 55% of the market.
C) 45% of the market.
D) 40% of the market.

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