When two parties engage in voluntary exchange,one must be made worse off.

Name: When two parties engage in voluntary exchange,one must be made worse off.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Voluntary exchange is usually mutually beneficial, meaning both parties gain from the transaction. Both parties believe that what they are giving up is of lesser value than what they are receiving in return. Therefore, neither party is necessarily made worse off.

When Two Parties Engage in Voluntary Exchange,one Must Be Made