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    Microeconomics Theory and Applications Study Set 2
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    Exam 6: Exchange, Efficiency, and Prices
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    How Are Prices of Goods That You Buy in an Auction,at
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How Are Prices of Goods That You Buy in an Auction,at

Question 55

Question 55

Essay

How are prices of goods that you buy in an auction,at a garage sale,and at a drugstore determined? Is the price discovery process the same in all these markets?

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The price discovery process is not the s...

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