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Author Question: You see on Craigslist that a used XBOX 360 sells for $100 and a new XBOX 360 sells for $300. Is this ... (Read 68 times)

captainjonesify

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You see on Craigslist that a used XBOX 360 sells for $100 and a new XBOX 360 sells for $300.  Is this an arbitrage opportunity?
◦ Yes, because the market for a used XBOX 360 is not the same as the market for a new XBOX 360.
◦ No, because the market for a used XBOX 360 is a competitive market.
◦ Yes, because the market for a used XBOX 360 is a competitive market.
◦ No., because the market fora used XBOX 360 is not the same as the market for a new XBOX 360.


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Marked as best answer by captainjonesify on Jul 9, 2019

IAPPLET

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