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EXERCISE 8.10 THE FULTON FISH MARKET Watch Kathryn Graddy's video . How does she explain her evidence that the law of one price did not

EXERCISE 8.10 THE FULTON FISH MARKET

Watch Kathryn Graddy's video.

  1. How does she explain her evidence that the law of one price did not hold in the fish market?
  2. Why did buyers and sellers not look for better deals?
  3. Why did new dealers not enter the market in pursuit of economic rents?

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