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PPF - The Price of the Trade
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Problem 9
PPF - The Price of the Trade
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2. Introductory Economic Models / PPF - The Price of the Trade / Problem 6
Problem 6
Why is equity important in setting the price of trade?
A
It ensures both parties benefit fairly from the trade.
B
It minimizes the cost for one party.
C
It maximizes the profit for one party.
D
It eliminates the need for negotiation.
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