Question
Suppose a consumer values a Red Sox - Yankees playoff ticket at $150, and the seller is unwilling to sell the ticket for less
Suppose a consumer values a Red Sox - Yankees playoff ticket at $150, and the seller is unwilling to sell the ticket for less than $200. What price will lead to an efficient transaction between the potential buyer and seller?
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Economics
Authors: R. Glenn Hubbard
6th edition
978-0134797731, 134797736, 978-0134106243
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