1.6. What happened in Vernon Smith's lab? Choose the right an wer:

a. The price and quantity were close to equi librium but gain from trade were far from the maximum.

b. The price and quantity were far from equilibrium and gains from trade were far from the maximum.

c. The price and quantity were far from equilibrium but gain from trade were close to the maximum.

d. The price and quantity were close to equi librium and gains from trade were close to the maximum.