Economically rational buyers and sellers use their assessment of an asset's risk and return to determine its value.Relative to this concept,which of the following is true?
A) To a buyer the asset's value represents the minimum price that he or she would pay.
B) To a seller the asset's value represents the maximum sale price.
C) To a buyer the asset's value represents the maximum price that he or she would pay.
D) The interaction of buyers and sellers can result in a value that differs from the price of the asset.
Correct Answer:
Verified
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