Author Question: Potential buyers of older homes form their bids from imperfect estimates of a house's value. As a ... (Read 40 times)

D2AR0N

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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

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Answer to Question 1

a

Answer to Question 2

a



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