Your grandmother likes old-fashioned yard sales and doesnt understand why everyone is so excited about eBay. Explain

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Your grandmother likes old-fashioned yard sales and doesn’t understand why everyone is so excited about eBay. Explain to her why the creation of a market that enables people who don’t live in the same town to buy and sell used goods increases total surplus over the yard-sale market.
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Microeconomics

ISBN: 978-1259163531

1st edition

Authors: Dean Karlan, Jonathan Morduch

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