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A baseball fan with a Mike Trout baseball card wants to trade it for a Giancarlo Stanton baseballcard, but everyone the fan knows who has
A baseball fan with a Mike Trout baseball card wants to trade it for a Giancarlo Stanton baseballcard, but everyone the fan knows who has a Stanton carddoesn't want a Trout card.
Economists characterize this problem as a failure of the
A.
irrational exuberance doctrine.
B.
market clearing mechanism.
C.
principle of a double coincidence of wants.
D.
theory of comparative advantage.
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