You See on EBay That a Used XBOX 360 Sells

question 45

Multiple Choice

You see on eBay that a used XBOX 360 sells for $100 and a new XBOX 360 sells for $300. Is this an arbitrage opportunity?

• A) Yes, because the market for a used XBOX 360 is a competitive market.
• B) Yes, because the market for a used XBOX 360 is not the same as the market for a new XBOX 360.
• C) No, because the market for a used XBOX 360 is a competitive market.
• D) No, because the market for a used XBOX 360 is not the same as the market for a new XBOX 360.

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Definitions:

Doses

The specific amount of medication prescribed to be taken at one time or over a specified period.

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Preadolescent girls are typically between the ages of 8-12, experiencing the phase just before entering puberty.

Mean Age

The average age of individuals in a particular group, calculated by summing their ages and dividing by the number of individuals.