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Frost Frost
wrote...
Posts: 433
4 years ago

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.

Textbook 
InMicro

InMicro


Edition: 1st
Authors:
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meigsflameigsfla
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Posts: 387
4 years ago
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Frost Author
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4 years ago
You make an excellent tutor!
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Yesterday
Brilliant
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2 hours ago
Thanks
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