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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 9.4 -In Table 9.4, Market 1 Would Be in Equilibrium If
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Table 9.4 -In Table 9.4, Market 1 Would Be in Equilibrium If

Question 44

Question 44

Multiple Choice

  Table 9.4 -In Table 9.4, Market 1 would be in equilibrium if buyers believed lemons accounted for A)  about 90.91% of the market. B)  about 74.5% of the market. C)  about 63.25% of the market. D)  about 57.65% of the market. Table 9.4
-In Table 9.4, Market 1 would be in equilibrium if buyers believed lemons accounted for


A) about 90.91% of the market.
B) about 74.5% of the market.
C) about 63.25% of the market.
D) about 57.65% of the market.

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