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Janet has $1MM in the bank and Fred does not have anything in the bank and lives paycheck to paycheck. Each one goes to the
Janet has $1MM in the bank and Fred does not have anything in the bank and lives paycheck to paycheck. Each one goes to the convenience store on Friday night and purchases a scratch off lottery ticket. Each of them wins $1,000. They are both happy they won but Fred needs the money more than Janet. This is an illustration of: Question 4 options: Maximin Criterion Redistribution in kind Rent Seeking Marginal Utility
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