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Author Question: When sellers have more information about hidden characteristics of a good than buyers have, more ... (Read 59 times)

bclement10

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on: Jun 30, 2018
When sellers have more information about hidden characteristics of a good than buyers have, more low-quality units are likely to be sold than high-quality units. This is
 a. the law of diminishing marginal returns
  b. the law of natural selection
  c. the winner's curse
  d. the lemons problem
  e. the problem of common pools

Question 2

Which of the following groups has the lowest life expectancy at birth?
 a. middle-income economies
  b. low-income economies
  c. high-income economies
  d. sub-Saharan African economies
  e. all the world's economies


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dellikani2015

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

D


bclement10

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

Dnite

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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