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Kaevyn04 Kaevyn04
wrote...
Posts: 480
5 years ago
"Buy low and sell high is advice given to people who want to make a profit by buying and selling shares of stock. Arbitrage is defined as buying a product in one market at a low price and reselling it in another market at a high price. Therefore, when stock brokers buy and sell stocks to earn a profit they are engaging in arbitrage." Evaluate this statement; state whether it is true or false and explain your answer.
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
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Answer verified by a subject expert
beunikuelbeunikuel
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Posts: 398
5 years ago
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Kaevyn04 Author
wrote...
5 years ago
I appreciate what you did here, answered it correctly Smiling Face with Open Mouth
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