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The six axioms of consumer choice - why are they important? I need three reasons for instituting them. 6 axioms: 1) completeness 2) reflexive 3)

The six axioms of consumer choice - why are they important? I need three reasons for instituting them.

6 axioms:

1) completeness

2) reflexive

3) transitive

4) continuity

5) no satiation

6) diminishing marginal rates of substitution

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