MCQOPTIONS
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| 1. |
If markets are perfect, a rational actor may reasonably conclude from the high price of a good that the good |
| A. | is produced by a monopoly. |
| B. | is of better quality. |
| C. | has a greater demand for it. |
| D. | is not known about by other consumers. |
| Answer» C. has a greater demand for it. | |