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In the mid 1600's, an event called Tulip Mania was occurring, and the tulip market fell victim to a speculative bubble. The fact that there
In the mid 1600's, an event called "Tulip Mania" was occurring, and the tulip market fell victim to a speculative bubble. The fact that there was a tulip bubble means that the price of tulips was ___________
A. lower than the actual value of tulips
B. much lower than the price of similar goods
C. extremely unstable
D. higher than the actual value of tulips
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