Suppose That Two Types of Indistinguishable Coffee Beans Are Imported

question 72

Multiple Choice

Suppose that two types of indistinguishable coffee beans are imported to the U.S.: those grown in the mountains of South America and those grown in greenhouses in Canada.Mountain grown coffee produces a better tasting coffee,but buyers cannot distinguish the beans by sight or smell.Only the importers know the source of the beans.Buyers value mountain grown beans at $10 a pound and greenhouse grown beans at $3 a pound.Assume that 70% of imported beans are mountain grown,and 30% are greenhouse grown.
Mountain grown beans will ________ unless importers can _______

• A)disappear from the market;trick buyers.
• B)dominate the market;increase imports from Canada.
• C)dominate the market;reduce the price of Canadian beans.
• D)disappear from the market;credibly signal their source.

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Definitions:

Disagree Respectfully

The act of expressing a differing opinion or viewpoint in a manner that is considerate and maintains the dignity of all parties involved.

Criticized Unfairly

When feedback or negative comments are given without just or valid reasons.

Introduction Include

The initial section of a document, presentation, or speech that outlines the topic, purpose, and often the structure of the content to follow.

Three Parts

A reference to a structure or composition that is divided into three distinct sections or elements.