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Science220 Science220
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A year ago
Scarcity implies that choices must be made. Making choices implies

▸ the wasteful use of resources.

▸ the existence of opportunity costs.

▸ the existence of costs of production.

▸ that scarcity can be eliminated.

▸ both C and D above.
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Microeconomics

Microeconomics


Edition: 17th
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micapiromicapiro
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A year ago
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You make an excellent tutor!
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Smart ... Thanks!
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