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Unformatted text preview: they are willing to offer more of the good for sale to others a. Supply curves are generally upward sloping F. What role do middle-men play? a. They play match-maker in exchange for part of the marginal-value differential. b. Trade occurs because some people have too much of some goods…do you agree? Yes, because some don’t have enough. c. Can an individual be made worse off by having the option to trade? No. some trade is preferred to no trade. d. What is the source of the mutual benefit from exchange? 1. Where different people have different marginal values for a good...
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This note was uploaded on 04/05/2008 for the course ECON 201 taught by Professor Wadell during the Winter '08 term at University of Oregon.
- Winter '08