On the same day, Julia sells a 2001 model Commodore for $19,000 and buys another one in the same condition for $16,000. This is an example of:

Question

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Arbitrage involves taking advantage of a price difference between two or more markets, buying low and selling high to make a profit. Julia sells a car for $19,000 and buys a similar one for $16,000, profiting from the price difference.

On the Same Day, Julia Sells a 2001 Model Commodore