Which of the following directly follows from the No Cash on the Table Principle?

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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 less than the seller’s reservation price.

C.Efficiency requires that the buyer’s surplus equal the seller’s surplus.

D.For a transaction to occur, the buyer’s reservation price must be greater than the seller’s reservation price.

正确答案:For a transaction to occur, the buyer’s reservation price must be greater than the seller’s reservation price.

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