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



Title: Harvey Morris bought dishes and pitchers made of blue glass during the Great Depression at a flea ...
Post by: lizsmith on Oct 10, 2019

Harvey Morris bought dishes and pitchers made of blue glass during the Great Depression at a flea market. He later resold these items on eBay. The profits Harvey earned from these sales are



subject to a retail profits tax.



the result of arbitrage.



accounting profits but not economic profits.



not economic profits because Harvey did not add value to the items but took advantage of the buyers who were not aware of how much Harvey paid for the items.



Title: Harvey Morris bought dishes and pitchers made of blue glass during the Great Depression at a flea ...
Post by: Kutthroat Kane on Oct 10, 2019
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Title: Harvey Morris bought dishes and pitchers made of blue glass during the Great Depression at a flea ...
Post by: lizsmith on Oct 10, 2019
Thanks for your help!