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Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406

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BuyFindarrow_forward

Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406
Textbook Problem

When two individuals enter into an exchange, you can be sure that one person benefits and the other person loses. Do you agree or disagree with this statement? Explain your answer.

To determine

Explain if the given statement is acceptable.

Explanation

Disagree. Exchange or trade is the process of buying and selling something. Generally, people enter into a trade just to make themselves better-off...

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