Explain what happens to observed prices in posted offer and, Business Economics

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Explain what happens to observed prices in posted offer and

(a) explain what happens to observed prices in posted offer and double auction markets as the number of sellers drops (b) explain what happens in these two markets as the number of sellers drops to only one seller (c) explain why part (b) illustrates the first experimental principle

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Business Economics: Explain what happens to observed prices in posted offer and

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