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TRUE OR FALSE + EXPLANATION 1,Firms do not reap the benefits of their positive externalities so they always produce too little 2,In a static game,

TRUE OR FALSE + EXPLANATION

1,Firms do not reap the benefits of their positive externalities so they always produce too little

2,In a static game, Nash Equilibrium are always subgame perfect

3,Risk averse individuals never prefer a lottery over a sure bet

4,Product differentiation makes consumers and producers better of

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