=+choose to consume positive quantities of both goods. However, they differ substantially in their preferences for these

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=+choose to consume positive quantities of both goods.

However, they differ substantially in their preferences for these two forms of entertainment. Jones prefers hockey games to rock concerts, while Smith prefers rock concerts to hockey games.

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Microeconomics

ISBN: 9781292081977

8th Global Edition

Authors: Robert S. Pindyck, Daniel L. Rubinfeld

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