« previous next »

Author Question: Arbitrage a. Is the act of to buying low in one market and selling high in another market b. Can ... (Read 88 times)

jeatrice

  • Hero Member
  • *****
  • Posts: 543
on: Jul 1, 2018
Arbitrage
 a. Is the act of to buying low in one market and selling high in another market
  b. Can force a seller to go back to uniform pricing
  c. Can defeat direct price discrimination
  d. All of the above

Question 2

For the Composite Commodity Theorem to hold, all goods in the composite must:
 a. have constant prices.
  b. have constant relative prices.
  c. be used in fixed proportions.
  d. be net complements.


GCabra

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

A very high-resolution texture of the planet Mars A very high-resolution texture of the planet Mars
Mononucleosis is caused by the Epstein–Barr virus. Symptoms of the infectious disease are swollen pa Mononucleosis is caused by the Epstein–Barr virus. Symptoms of the infectious disease are swollen pa
Deconvolution fluorescence microscopy yields high-resolution optical sections th Deconvolution fluorescence microscopy yields high-resolution optical sections th
Histopathologic findings in Crohn's disease. A high magnification micrograph of a colonic ... Histopathologic findings in Crohn's disease. A high magnification micrograph of a colonic ...
A 60-kg skier starts from rest from the top of a 50-m high slope. If the work done by friction ... A 60-kg skier starts from rest from the top of a 50-m high slope. If the work done by friction ...
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
Video: Ear Virtual Tour Animation

For a complete list of videos, visit our video library