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Author Question: Bill sells Mary a worthless coin that Bill incorrectly told Mary "belonged to an ancient Persian ... (Read 539 times)

EY67

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on: May 25, 2020
Bill sells Mary a worthless coin that Bill incorrectly told Mary "belonged to an ancient Persian king and is of enormous value to coin collectors." Economists would call this an
◦ inefficient exchange because there were externalities involved.
◦ inefficient exchange since at least one party used false market information.
◦ efficient exchange, assuming Bill was not intentionally trying to trick Mary.
◦ efficient exchange since any type of voluntary exchange promotes efficiency.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by EY67 on May 25, 2020

lkanara2

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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EY67

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Reply 2 on: May 25, 2020
Excellent

ebonylittles

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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