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The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
Edition 13ISBN: 9780132992695The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
Edition 13ISBN: 9780132992695 Exercise 16
Students frequently complain about the low prices the campus bookstore pays for used texts.
(a) Why then do they sell their used textbooks to the bookstore?
(b) How can we decide whether the bookstore is providing a useful service with its used-book operation or merely ripping off students?
(c) Why do campus bookstores commonly sell all used copies of a particular textbook at an identical price, regardless of condition? Sellers of used cars don't do that. How would you explain the difference between the policies of campus bookstores and car dealers?
(a) Why then do they sell their used textbooks to the bookstore?
(b) How can we decide whether the bookstore is providing a useful service with its used-book operation or merely ripping off students?
(c) Why do campus bookstores commonly sell all used copies of a particular textbook at an identical price, regardless of condition? Sellers of used cars don't do that. How would you explain the difference between the policies of campus bookstores and car dealers?
Explanation
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Verified
Market is the place where buyer and sell...
The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
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