We use indifference curves because
A) households on average do not care.
B) they help represent preferences.
C) households sometimes make mistakes.
D) they formalize the production process.
B
Economics
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Game theory is a tool for studying competitive behavior between firms in monopolistic competition because of the mutual interdependence among the firms
Indicate whether the statement is true or false
Economics
All of the following are sources of negative externalities except one. Which is the exception?
a. a paper mill that pollutes a river b. a person who throws a beer can out the window of a moving car c. cars, which emit carbon monoxide d. a solar water heater which is outside and obscure from view e. products that contribute to the greenhouse effect
Economics