Imperfect information-excess supply and higher quantity

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Reference no: EM13982197

__________can lead to a situation where, even if sellers are faced with a situation of _______________, they will decide not to cut prices for awhile because they know that buyers in this situation will not react by purchasing a _______________ .

A. Imperfect information; excess supply; higher quantity

B. Adverse selection; reduced supply; lower quantity

C. Adverse selection; excess supply; better quality

D. Imperfect information; reduced supply; higher quality

Reference no: EM13982197

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