Mutually beneficial trade is impossible when different persons have different preferences about goods and services.

Question

Quizplus · Accepted Answer

Mutually beneficial trade can still occur even if individuals have different preferences as long as they value the goods or services being traded differently. For example, if person A values a car more than person B but person B values a boat more than person A, they can still engage in mutually beneficial trade by exchanging the car for the boat.

Mutually Beneficial Trade Is Impossible When Different Persons Have Different