Question
What deadweight losses are avoided if Professor Fried sells your promise to pay $100 in October to Betty Banker for $90 immediately? The buyer needs
What deadweight losses are avoided if Professor Fried sells your promise to pay $100 in October to Betty Banker for $90 immediately?
The buyer needs the sandals now, but will not have the money until October.
Professor Fried will have an additional set of sandals in his inventory.
Professor Fried needs the $90 for his sandals now, but will not get the money until October.
Betty Banker would not be able to earn her $10 commission for accepting the promise now.
unanswered
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Understanding Immigration Law And Practice
Authors: Ayodele Gansallo, Judith Bernstein-Baker
2nd Edition
154381378X, 978-1543813784
