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In an economic model, assumptions A. define the set of circumstances in which the model is most likely to be applicable in the real world.

In an economic model, assumptions A. define the set of circumstances in which the model is most likely to be applicable in the real world. O B. must be eliminated before being used to make sure the model is realistic. O C. must be applicable to all real-world situations. O D. are not important in determining the usefulness of the model

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