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Author Question: Potential buyers of older homes form their bids from imperfect estimates of a house's value. As a ... (Read 39 times)

D2AR0N

  • Hero Member
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  • Posts: 561
on: Jul 1, 2018
Potential buyers of older homes form their bids from imperfect estimates of a house's value. As a consequence,
 a. High-value houses would remain unsold
  b. Low value houses would remain unsold
  c. Both of the houses would be sold
 d. All of the above

Question 2

Government intervention
 a. provides incentives to conduct business in an illegal black market
  b. plays no role in generating wealth
  c. is the best way to eliminate poverty
  d. does not enforce property rights


gasdhashg

  • Sr. Member
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  • Posts: 335
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

a


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