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In order for a voluntary exchange to take place,

O the buyer has to feel that he or she will be better off after the transaction than before.
O the seller has to feel that he or she will be better off after the transaction than before.
O both parties must feel that the money or goods they receive is worth more to them than the money or goods they give up.

1 Answer

3 votes

Answer: both parties must feel that the money or goods they receive is worth more to them than the money or goods they give up.

Step-by-step explanation:

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User Samfromlv
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