Which of the Following Is a Feature of a Separating

question 71

Multiple Choice

Which of the following is a feature of a separating equilibrium?

• A) Two products of differing quality are sold in the same market.
• B) There are clearly identifiable sub-markets in the market.
• C) Consumers find it difficult to distinguish between the quality of the products in the market.
• D) There is more than one point of equilibrium in the market.

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