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You are in the market for a yacht and have taken a fancy to the'Isabella' which is advertised at $225 000. The most you can raise is $212 000 from selling your own boat and borrowing from the bank.You meet the owner in the boathouse and casually tell him of your(strong) interest. You mention that you could only raise $212 000.He agrees to sell you the 'Isabella' for that sum. Is this:

A) Anoffer you cannot refuse?

B) A lousy situation?

C) An occasion tocelebrate your bargain?

Microeconomics, Economics

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