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Highlights Chapter 4 & 5. Econ 4140 Greg Mason. Valuation in efficient markets – no affect on price. Valuation in efficient markets – supply reduces price. Consumer surplus ↑. Producer surplus ↓. “Free”q causes price to fall. - PowerPoint PPT Presentation
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Valuation in efficient markets – supply reduces price
Consumer surplus ↑
Producer surplus ↓
“Free”q causes price to fall