Solution-Buyers and sellers exchanging two goods

Buyers and sellers exchanging two goods

Reference no: EM133232236

Imagine a barter economy with many buyers and sellers exchanging two goods: lettuce and cabbage.

a) Under what condition that the government may regulate that barter economy is preferred to relying on money as a medium of exchange?

b) When will exchange efficiency be achieved and not be achieved in this economy?

Reference no: EM133232236

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Buyers and sellers exchanging two goods

Reference no: EM133232236

Reference no: EM133232236

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