Which of the following directly follows from the No Cash on the Table Principle?
Which of the following directly follows from the No Cash on the Table Principle?
A.In a transaction, the parties will negotiate over prices until neither one earns any surplus.
B.For a transaction to occur, the buyer’s reservation price must be less than the seller’s reservation price.
C.Efficiency requires that the buyer’s surplus equal the seller’s surplus.
D.For a transaction to occur, the buyer’s reservation price must be greater than the seller’s reservation price.
正确答案:For a transaction to occur, the buyer’s reservation price must be greater than the seller’s reservation price.