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Business, 31.03.2020 23:33 mandilynn22

The assumption of transitivity says that

a. For any two bundles, the consumer can establish a preference ordering.
b. Any bundle is at least as good as itself.
c. If A is preferred to B and B is preferred to C, than A is preferred to C.
d. If bundle A is preferred to bundle B, there is a region around A such that any bundle C that lies in that region is preferred to B

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The assumption of transitivity says that

a. For any two bundles, the consumer can estab...

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