15. What is the difference between substitutes and complements? Indicate two goods that are substitutes for each
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15. What is the difference between substitutes and complements?
Indicate two goods that are substitutes for each other. Indicate two goods that are complements.
16. *Do business firms operating in competitive markets have a strong incentive to serve the interest of consumers? Are they motivated by a strong desire to help consumers? Are “good intentions”
necessary if individuals are going to engage in actions that are helpful to others? Discuss.
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Related Book For
Macroeconomics Private And Public Choice
ISBN: 9781111970628
14th Edition
Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
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