"Arbitrage" refers to the practice of:
A) Conducting ultimatum games under a double-blind protocol.
B) Buying a good at a lower price in one location and selling it at a higher price at another location.
C) Buying a good at a higher price in one location and selling it at a lower price at another location.
D) Comparing between the results of ultimatum games conducted either under a double-blind protocol or a single-blind protocol.

Question

Quizplus · Accepted Answer

Arbitrage involves taking advantage of price differences for the same asset in different markets, buying low in one and selling high in another to make a profit.

"Arbitrage" Refers to the Practice Of