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Suppose that in a double auction market there are eight sellers and 6 sellers. The buyers can purchase up to 1 unit each, and the

Suppose that in a double auction market there are eight sellers and 6 sellers. The buyers can purchase up to 1 unit each, and the sellers can sell up to 1 unit each. The following are the costs and values used in the experiment:

Costs:7,10,9,9, 6,10,8,8 Find the competitive equilibrium quantity.

2

6

4

8

none of the above

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