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Monday, October 5, 2015

Bitcoin and Cryptocurrency Technologies - Quiz 7 Problem 6

Which of these are signs that there might be a market failure? (check all that apply)

Customers are unable to tell the difference between high-quality and low-quality productsCorrect
Sellers agree with each other to raise pricesCorrect
The market is completely unregulatedWrong
Sellers agree not to compete with each other and offer a reduced selection of productsCorrect

In fact, unregulated market means market success, it can manage itself!

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