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.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: The exchange rates in New York are
Q4: To calculate a cash flow's present value
Q5: What is the present value (PV)of $66,000
Q7: You are watching TV late one night
Q8: Refer to the table above.An international seafood
Q9: Michelle is saving for a new car.She
Q11: Owen expects to receive $20,000 at the
Q50: Explain the role played by some of
Q65: The rule of 72 tells you approximately
Q73: Is there a need to distinguish between