Trade only occurs if all individuals win, and no individuals lose, as a result of the trade.

Name: Trade only occurs if all individuals win, and no individuals lose, as a result of the trade.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Trade can involve winners and losers, as one party can gain more value from the trade than the other. However, it is generally assumed that both parties believe they will benefit from the trade, otherwise they would not engage in it.

Trade Only Occurs If All Individuals Win, and No Individuals