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    Microeconomics Study Set 25
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    Exam 20: Uncertainty, Risk, and Private Information
  5. Question
    Private Information Leads _____ to Expect Hidden Problems in Items
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Private Information Leads _____ to Expect Hidden Problems in Items

Question 43

Question 43

Multiple Choice

Private information leads _____ to expect hidden problems in items offered for sale,leading to _____ prices and to the best items being kept off the market.


A) buyers;high
B) buyers;low
C) sellers;high
D) sellers;low

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