Asked by
dulce calderon
on Dec 12, 2024
Verified
In voluntary exchange, if the seller of a product gains,
A) the buyer will generally lose an amount greater than the gain to the seller.
B) the buyer must lose an amount equal to what the seller gains.
C) someone else must lose an equal amount.
D) the buyer must also gain; mutual gain provides the foundation for exchange.
Voluntary Exchange
A transaction where parties involved trade goods or services by mutual agreement, without coercion.
Mutual Gain
A situation or outcome in which all parties involved benefit or profit from the arrangement or transaction.
- Learn about the concept of voluntary exchange and understand the two-sided benefits that accrue from such transactions.
Verified Answer
BC
Learning Objectives
- Learn about the concept of voluntary exchange and understand the two-sided benefits that accrue from such transactions.