Arbitrage

Multiple Choice

Arbitrage

A) is the act of buying an item at a low price and reselling the item at a higher price.
B) is the act of selling an item on consignment and collecting a huge portion of the proceeds to compensate for the seller's time.
C) is the act of buying an item at a low price, bundling it with another and selling the new package at a much higher price.
D) is any act of buying and selling that results in the seller earning an above normal profit.