=+a situation in which the two rights must always be sold together. 2. Suppose that in the

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=+a situation in which the two rights must always be sold together. 2. Suppose that in the market for used textbooks the equilibrium price is $30, but it is mistakenly announced that the equilibrium price is $300. How does this affect the efficiency of the market? Be specific. 3. What is wrong with the following statement? “Markets are always the best way to organize

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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