In the Lagos-Wright monetary model, when a buyer meets a seller in the decentralized market, _________ A.the seller offers the buyer a credit...
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In the Lagos-Wright monetary model, when a buyer meets a seller in the decentralized market, _________

A.the seller offers the buyer a credit contract.

B.the buyer makes the seller a take-it-or-leave-it offer.

C.the seller competes to bid for a contract with the buyer.

D.they interact in a competitive market.

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