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The Grossman model states that health is a capital good that can be carried over from one period to the next. With this in mind,

The Grossman model states that health is a capital good that can be carried over from one period to the next. With this in mind, which of the following is most likely true about how the individual will value health in a lifecycle context compared to a one-period model?

a) Individuals tend to value health less in the life cycle context compared to the one period model

b) not change the emphasis they put on health.

c) Individuals tend to value health more in the life cycle context compared to the one period model.

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