Question

Voluntary exchange occurs when two economic actors

Answer 1

Answer: See explanation

Explanation:

Voluntary exchange is simply referred to as an act whereby both the buyers and the sellers can engage in transactions in the market freely.

Voluntary exchange is a fundamental assumption made by neoclassical economics which forms the basis of contemporary mainstream economics.

According to the principle, people act based on their interest. In a scenario whereby the individuals believe that they will not gain from a particular transaction, they won't engage in such.