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Trade-offs are unavoidable Good choices are usually made at the margin People respond to incentives, and prices provide incentives Trade can benefit everyone Discuss two
- Trade-offs are unavoidable
- Good choices are usually made at the margin
- People respond to incentives, and prices provide incentives
- Trade can benefit everyone
Discusstwoof these themes using a variety of examples from different parts of the course. A good answer would include both theoretical and mathematical or graphical explanations.
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Classics In Game Theory
Authors: Harold William Kuhn
1st Edition
1400829151, 9781400829156
