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6. If an economist refers to a “lemons market,” what should you infer? A. She is referring to a market for fruit. B. She is referring to any market with asymmetric or hidden information. C. She is referring to a market where sellers of high-quality goods withhold their products from the market so most goods that are bought and sold are lemons. D. She is referring to any market where a transaction could leave buyers with a bad taste. 7. Lorenz Curve Suppose a society has two individuals. One has annual income $10000, the other has annual income $90000. What is the Gini coefficient for this society?
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