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Author Question: The Condorcet paradox shows that even if each individual in a group has transitive preferences, the ... (Read 60 times)

Coya19@aol.com

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on: Jun 29, 2018
The Condorcet paradox shows that even if each individual in a group has transitive preferences, the group's collective preferences may not be transitive.
 
  Indicate whether the statement is true or false

Question 2

The key issue with competition is the role competition plays in eliminating ________ and making the ________ as large as possible.
 
  A) cooperative surplus; profits
  B) producer surplus; consumer surplus
  C) deadweight losses; cooperative surplus
  D) shortages; total revenue


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Sierray

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Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

C


Coya19@aol.com

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

vickybb89

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

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