Fishermen in Kerala Use Cell Phones for Arbitrage

Answered using GPT-4o mini by AI Answer Generator

Question:

In Kerala, the introduction of cell phones allowed fishermen to perform _____ by taking advantage of price differences for the same good in different markets.

price gouging

arbitrage

speculation

price dispersion

Answer:

In Kerala, the introduction of cell phones allowed fishermen to perform arbitrage by taking advantage of price differences for the same good in different markets.