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Author Question: Arbitrage a. Is the act of to buying low in one market and selling high in another market b. Can ... (Read 92 times)

jeatrice

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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

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Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

b


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