What are the conditions that an exchange must satisfy in order to ...

[nautica902]

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]

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

[nautica902]

Thanks for the timely response, appreciate it

[juliaf]

TYSM