The presence of adverse selection:
A. increases the efficiency of markets.
B. reduces the efficiency of markets.
C. makes the buyer less efficient and the seller more efficient.
D. does not affect the efficiency of markets.
Answer: B
Economics
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If the automatic stabilizers are creating budget deficits, the economy must be experiencing falling output
a. True b. False Indicate whether the statement is true or false
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Which of the following practices is prohibited by the Clayton Act?
a. Price discrimination that substantially lessens competition. b. Tying contracts that substantially lessen competition. c. Exclusive dealing that substantially lessens competition. d. All of these.
Economics