The used car market may be inefficient because the purchase of a used car often involves

In the figure, the unregulated market equilibrium occurs at a price of ________ a ton and quantity of ________ tons

A) $100; 4,000 B) $150; 2,000 C) $150; 4,000 D) $225; 4,000 E) $100; 2,000

Under conditions of imperfect competition in the labor market, union efforts to increase wages:

A. Will necessarily cause unemployment B. Will necessarily reduce unemployment C. Will strengthen the monopoly power of management D. May either increase or decrease the level of employment