Which of the Following Directly Follows from the No Cash

question 51

Multiple Choice

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 greater than the seller's reservation price.
• C)For a transaction to occur, the buyer's reservation price must be less than the seller's reservation price.
• D)Efficiency requires that the buyer's surplus equal the seller's surplus.

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