The economic value which can be created by a transaction, Ask an Expert

Economics

The economic value which can be created by a transaction between two people, Ed (seller) and Luis (buyer), is $50 as Ed's opportunity cost of selling is $135 and Luis' valuation of the good is $185. If each gains $25 from this transaction, what clusions can be drawn?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9495545

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