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Lyrx [107]
3 years ago
8

The market for used cell phones is very popular in Barylia. However, several phones available in this market are of inferior qua

lity and it is often impossible to differentiate between a good-quality phone and a poor-quality phone.
Refer to the scenario above. Based on the given information, we can conclude that the market for used cell phones in Barylia:

is perfectly competitive.

has asymmetric information.

has only one seller.

is monopolistically competitive.
has asymmetric information.
Business
1 answer:
irina1246 [14]3 years ago
5 0
Has only one seller I think
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