You stop by a crafts fair and you notice consumers haggling with vendors over prices. What does
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You stop by a crafts fair and you notice consumers haggling with vendors over prices. What does this tell you about the competitiveness of this market? Suppose you plan to go to a farmers’ market next. Do you expect to find more or less haggling at this market than you did at the crafts fair? Why?
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Consumers andsellers haggling over prices is a sign that the ...View the full answer
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