Voluntary exchanges generate:
A. deadweight loss, leaving at least one participant worse off than they were before.
B. a transfer of surplus from one participant to another.
C. deadweight loss, leaving both participants worse off than they were before.
D. surplus, leaving both participants better off than they were before.
Answer: D
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A) $9.00 B) $7.50 C) $1.50 D) $0
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A) a total of one time. B) many times over the next several years. C) a total of three times. D) a total of two times.
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Indicate whether the statement is true or false