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Frost Frost
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4 years ago

Question 1.

An action that an individual takes in one period to try to control her behavior in a future period is called



▸ behavioral conditioning.

▸ Pavlovian behavior.

▸ a maximin strategy.

▸ a commitment device.

Question 2.

The case for product differentiation includes the assertion that



▸ even products that do not satisfy a real demand survive.

▸ standards of living rarely improve with product innovation.

▸ new products satisfy people with different preferences.

▸ it wastes society's scarce resources.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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aishasuaishasu
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#1
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4 years ago
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Frost Author
wrote...

4 years ago
Good timing, thanks!
mambah4
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Yesterday
Smart ... Thanks!
AlahuKakpar
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2 hours ago
Brilliant ツ
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