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A university has limited funds to allocate to its incoming graduate stu-dents. Explain what the concepts of Compensation, Reward, Exogeneous Rights and Fitness imply for

A university has limited funds to allocate to its incoming graduate stu-dents. Explain what the concepts of Compensation, Reward, Exogeneous Rights and Fitness imply for this allocation problem on Public Sector Econ:Expenditure

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