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3. Briefly explain the market for lemons (Ackerlof) story. How does this story apply to financial markets? (10 pts) I 3. Briefly explain the market

3. Briefly explain the "market for lemons" (Ackerlof) story. How does this story apply to financial markets? (10 pts) I 3. Briefly explain the "market for lemons" (Ackerlof) story. How does this story apply to financial markets? (10 pts)

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