Suppose you have more books than you want but would like to


Suppose you have more books than you want but would like to have more sporting goods. Explain how your well-being would be affected if a law existed preventing the trading of books for sporting goods. How would such a law affect efficiency in the use of resources? Show how a law banning the sale of books will cause a loss in efficiency.

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Accounting Basics: Suppose you have more books than you want but would like to
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