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It Can Be Said That Voluntary Trade Will Not Occur

Question 171

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It can be said that voluntary trade will not occur unless all parties involved believe that they will be better off after trading than they were before.Considering that the supply of goods and services does not change in trade and only changes hands,how is it possible that each party improves? Shouldn't one party benefit at the expense of another?

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Not at all.Each party in a trade transac...

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