Author Question: What are the conditions that an exchange must satisfy in order to make two individuals participate ... (Read 56 times)

nautica902 · **on:** Jun 30, 2018

What are the conditions that an exchange must satisfy in order to make two individuals participate in it?

Question 2

Economies of scale exist when the long-run average-total-cost curve is positively sloped.
a. True
b. False
Indicate whether the statement is true or false

ebonylittles · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

Two individuals or parties will enter into a deal to exchange economic goods only when the result makes both of them better-off. The deal must be voluntary on both sides and must benefit both parties involved.

Answer to Question 2

False