The Economics of The Office

Arbitrage

In this example Dwight exploits an arbitrage opportunity. He buys a good at a low price and then sells it at a much higher price. We think in efficient markets consumers or firms will look to exploit these opportunities until they no longer exist.

Season 4 Episode 16 "Did I Stutter?"

Information and Market Efficiency (G14) Microeconomic Behavior: Underlying Principles (D01)

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