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You have a baseball bat that you do not want anymore and your friend has a basketball that you want. If you buy the basketball

You have a baseball bat that you do not want anymore and your friend has a basketball that you want. If you buy the basketball from your friend and your friend buys the baseball bat from you, you both end up with gains from trade. You have: a greater benefit than cost. the ability to do a task at a lower opportunity cost. the ability to do a task using fewer inputs. reallocated the goods to better uses

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