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Other Fields Homework Help Economics Topic started by: Frost on Oct 10, 2019



Title: Lou buys a Star Wars: The Force Awakens poster at a garage sale for $30 and resells it on eBay to ...
Post by: Frost on Oct 10, 2019

Lou buys a Star Wars: The Force Awakens poster at a garage sale for $30 and resells it on eBay to Kyle for $60. Which of the following statements is true?



It is not possible for Kyle to enjoy any consumer surplus from this transaction.



The transaction has made Lou better off and Kyle worse off.



The transaction is economically inefficient.



The transaction has made Lou and Kyle better off.



Title: Lou buys a Star Wars: The Force Awakens poster at a garage sale for $30 and resells it on eBay to ...
Post by: meigsfla on Oct 10, 2019
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