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What could the market price be in order to induce

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In the market for used cars we have 5 sellers, willing to sell at the prices of $1000, $2000, $3000, $4000, $5000. What could the market price be in order to induce three sellers to offer their cars for sale?

Wouldn't the market price be 3,001? or would it be the highest 5,001?

Reference no: EM132168071

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