Question
In Module 1, you studied the distinction between choice and coercion for the purpose of economic theory, and engaged the thought example of the mugger
In Module 1, you studied the distinction betweenchoiceandcoercionfor the purpose of economic theory, and engaged the thought example of the mugger versus electric company example. In this discussion, you are encouraged to explore this subject further. What are some hypothetical scenarios which seem like coercion, but would be considered choice (or vice versa) under this definition? The best examples generate a discussion which deepens our understanding of choice, and possibly even help us understand the limits of the usefulness of this definition.
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