Suppose a consumer values a certain 19-inch television set at $150,and the seller is unwilling to sell the set for less than $200.These values imply that:

Question

Quizplus · Accepted Answer

Given the consumer values the television at $150 and the seller's minimum selling price is $200, there is no overlap in valuation that would make a transaction beneficial for both parties. Thus, it is not efficient for a transaction to take place.

Suppose a Consumer Values a Certain 19-Inch Television Set at $150,and