Which of the following lists of products and services would be the most resistant to arbitrage?
A) gasoline, movie tickets, consumer bleach
B) dental root canals, haircuts, and cosmetic surgery
C) third-party car stereos, full-service restaurant meals, and novels
D) computer software, computer hardware, and tickets to sporting events

Question

Quizplus · Accepted Answer

Services such as dental root canals, haircuts, and cosmetic surgery require specialized skills and equipment, making it difficult for arbitrage to occur. Gasoline, movie tickets, consumer bleach, third-party car stereos, full-service restaurant meals, and novels can be bought and sold easily, allowing arbitrage to occur. Computer software, computer hardware, and tickets to sporting events can be subject to arbitrage through piracy, counterfeiting or scalping.

Which of the Following Lists of Products and Services Would