Multiple Choice
Which of the following is an example of arbitrage?
A) A firm sells a box of cereal at $10 when the average cost of producing it is $6.
B) Thomas buys a new stock issued by a firm on the stock exchange.
C) A local salon charges 5 percent more for all its services than a competing salon in the same locality.
D) Romi buys a DVD from Walmart at $10 and sells it on eBay for $20.
Correct Answer:
Verified
Correct Answer:
Verified
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