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Results tagged with microeconomics
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user 30607
Microeconomics is a branch of economics that studies the market behavior of individual actors (usually firms and consumers) and the aggregation of their actions in different institutional frameworks (usually the market).
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Does transitivity qualify as a reason for Indifference curves intersecting each other?
Transitivity in preferences seems as a flawed concept because there might be a situation where
A>B, B>C but A<C.
Going by this analogy it seems that it does not qualify as a reason for Indifference cu …
