Arbitrage: In this example Dwight exploits an arbitrage opportunity. He buys Andy’s car at a low price and then sells it at a much higher price. In efficient markets consumers or firms will look to exploit these opportunities until they no longer exist.
DVD Location: Season Four, "Did I Stutter", 6:30-7:40 and 13:51-14:40
Contributed by Dan Kuester (Kansas State)
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