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Gaines from trade are maximized when: there are additional potential trades available that have not been completed, the market price is equal to the equilibrium
Gaines from trade are maximized when: there are additional potential trades available that have not been completed, the market price is equal to the equilibrium price, the market price is less than the equilibrium price, market price is higher than the equilibrium price
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Macroeconomics
Authors: Charles I. Jones
1st Edition
978-0393926385, 0393926389
