Multiple Choice
Harry attended a baseball card show in New York City where he bought a number of rookie cards of Pittsburgh Pirates baseball players from the 1950s and 1960s.Harry then sold the cards in Pittsburgh, Harry's hometown, where he knew the cards sold for higher prices.The profits Harry earned from these transactions are called
A) arbitrage profits.
B) normal profits.
C) accounting profits.
D) implicit profits.
Correct Answer:
Verified
Correct Answer:
Verified
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