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Price Restrictions Question 3 SAN FRANCISCO CNN Online shoppers who frequent the Internet auction site eBay are used to seeing a wide variety of things for sale Still the notice of a

Price Restrictions Question 3: SAN FRANCISCO (CNN) - Online shoppers who frequent the Internet auction site eBay are used to seeing a wide variety of things for sale Still, the notice of a "ully functional kidney" put up on the site last week created a stir. It also brought in bids of more than $5.7 million before the company intervened to block the sale While donating human organs is encouraged, trafficking in human organs is a federal felony, punishable by a minimum of five years in prison and fines of $50,000 or more Steve Westly, eBay's vice president of marketing, said "eBay has zero tolerance for illegal items on the site." He added that "We have a very clear policy against this." The seller, who gave his home as Sunrise, Florida, posted the following notice: "Fully functional kidney for sale. You can choose either kidney. Buyer pays all transplant and medical costs. Of course only one for sale, as I need the other one to live. Serious bids only." What effect will that law about trafficking in human organs have in the marketplace? What would happen in the marketplace if the law were removed? Explain your answers Answer to Question:

May 15 2020 View more View Less

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