In Equilibrium in a Mixed Market

question 136

Multiple Choice

In equilibrium in a mixed market

• A) the percent of low quality goods on the market equals the buyers' estimate of the percent of low quality goods on the market.
• B) the percent of low quality goods on the market equals the sellers' estimate of the percent of low quality goods on the market.
• C) 50% of the goods on the market are low quality and 50% are high quality.
• D) all low quality goods have been driven out of the market.