In Each Case, Determine the Total Possible Trading Gain (I

question 31

Essay

In each case, determine the total possible trading gain (i.e., the sum of the agents' profits).
(a) The seller's and buyer's reservation prices are $275,000 and $375,000, respectively.
(b) The seller’s and buyer’s reservation prices are $800,000 and $545,000, respectively.

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