You currently have a television that you want tosell. You can either pick a price and try to sell it ata yard sale or auction it off on eBay. Which methoddo you think will yield a higher producer surplus?Why?
You currently have a television that you want tosell. You can either pick a price and try to sell it ata yard sale or auction it off on eBay. Which methoddo you think will yield a higher producer surplus?Why?
Chapter7: Market Efficiency And Welfare
Section: Chapter Questions
Problem 4P
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Question
You currently have a television that you want to
sell. You can either pick a price and try to sell it at
a yard sale or auction it off on eBay. Which method
do you think will yield a higher
Why?
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