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Author Question: In the utility maximizing model, consumer preferences are assumed to be transitive. What does this ... (Read 114 times)

tsand2

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on: Jun 29, 2018
In the utility maximizing model, consumer preferences are assumed to be transitive. What does this mean?
 
  A) that consumers have the freedom to change their preferences from time to time
  B) that consumers prefer more of a good to less
  C) that consumers go through cycles in their consumption behavior
  D) that consumers have preferences that are relatively consistent in the time period under consideration

Question 2

All of the following are ways by which existing firms can deter the entry of new firms into an industry except
 
  A) continuously producing new and improved products.
  B) advertising products aggressively.
  C) threatening to raise prices.
  D) earning less than maximum profit.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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macagnavarro

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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tsand2

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

cassie_ragen

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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