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You See on Kijiji That a Used XBOX One Sells

Question 3

Multiple Choice

You see on Kijiji that a used XBOX One sells for $100 and a new XBOX One sells for $300.Is this an arbitrage opportunity?


A) No.,because the market for a used XBOX One is not the same as the market for a new XBOX One.
B) No,because the market for a used XBOX One is a competitive market.
C) Yes,because the market for a used XBOX One is a competitive market.
D) Yes,because the market for a used XBOX One is not the same as the market for a new XBOX One.
E) No,because Kijiji is not a competitive market.

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