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Tidy Tidy
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8 years ago
Economists have used the ultimatum game and the dictator game in experiments designed to determine
A) whether consumers care about fairness when they make decisions.
B) whether consumers believe it is fair for producers to raise the price of a product for which there is excess demand.
C) whether consumers understand the difference between implicit costs and explicit costs.
D) whether consumers understand the rule of equal marginal utility per dollar spent.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
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Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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Chimelo46Chimelo46
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8 years ago
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8 years ago
Glad to help you, and good luck with your course.
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