Find economic value which can be created by a transaction

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Reference no: EM13205501

The economic value which can be created by a transaction between two people, Ed (seller) and Luis (buyer), is $50 as Ed's opportunity cost of selling is $135 and Luis' valuation of the good is $185. If each gains $25 from this transaction, what clusions can be drawn?

Reference no: EM13205501

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