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Economics

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 winner's curse

b- the lemon problem

c- the problem of common pools

d- the law of natural selection

e- the law of diminishing marginal returns

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91696907

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