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Utility Theory 1.(4 points) Clothing stores frequently run sales where they discount clothing prices by as much as 25 percent. What impact, if any, would

Utility Theory

1.(4 points) Clothing stores frequently run "sales" where they discount clothing prices by as much as 25 percent.

What impact, if any, would you expect these "sales" to have on a store that specializes in selling shoes?

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