Question

In voluntary exchange, if the seller of a product gains,

a. the buyer must lose an amount equal to what the seller gains.
b. someone else must lose an equal amount.
c. the buyer must also gain; mutual gain provides the foundation for exchange.
d. the buyer will generally lose an amount greater than the gain to the seller.

Answer 1

The answer to this question is C. The buyer must also gain; Mutual gain provides the foundation for exchange.