Illustrate what is the gini coefficient for this society

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Q. If an economist refers to a "lemons market," illustrate what should you infer? A. She is referring to a marketplace for fruit. B. She is referring to any marketplace with asymmetric or hidden information. C. She is referring to a marketplace where sellers of high-quality goods withhold their products from the marketplace so most goods which are bought also sold are lemons. D. She is referring to any marketplace where a transaction could leave buyers with a bad taste. 7. Lorenz Curve Assume a society has two persons . One has yearly income $10000, the other has yearly income $90000. Illustrate what is the Gini coefficient for this society?

Reference no: EM1344100

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