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In the Lagos-Wright monetary model, when a buyer meets a seller in the decentralized market, _________ A.the seller offers the buyer a credit contract. B.the
In the Lagos-Wright monetary model, when a buyer meets a seller in the decentralized market, _________
A.the seller offers the buyer a credit contract.
B.the buyer makes the seller a take-it-or-leave-it offer.
C.the seller competes to bid for a contract with the buyer.
D.they interact in a competitive market.
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