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Assume a rational consumer faces a choice over different bundles of twostandard,positively-pricedgoods.Which of the following are generally true? Corner solutions are especially likely when indifferences
Assume a rational consumer faces a choice over different bundles of twostandard,positively-pricedgoods.Which of the following are generally true?
- Corner solutions are especially likely when indifferences curves are convex.
- Corner solutions are especially likely when indifferences curves are concave.
- Corner solutions are especially likely when indifferences curves are L-shaped.
- Corner solutions are especially likely when indifferences curves are linear.
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