Question: (a) Explain why markets with entry barriers are generically inefficient. (10 marks) (b) Explain why adverse selection hurts market efficiency. (10 marks) (c) Explain why

(a) Explain why markets with entry barriers are generically inefficient. (10

marks) (b) Explain why adverse selection hurts market efficiency. (10 marks) (c)

(a) Explain why markets with entry barriers are generically inefficient. (10 marks) (b) Explain why adverse selection hurts market efficiency. (10 marks) (c) Explain why there are taxes on specific goods like cigarettes and gas. (10 marks)

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2. To understand that as a general rule it takes about 3 minutes before the other part(s) have made up a 90% impression of you.

3. To understand that the first impression means a lot, and it takes a lot of energy to change this first impression.

Go, do not wait until I come