Multiple Choice
Which of the following statements captures the meaning of transitivity of preferences?
A) If A is preferred to B, then B is less preferred than A.
B) If A is preferred to B, and B is preferred to C, then A is preferred to C.
C) If A is preferred to B and B is preferred to C, then the preference for A over B is stronger than the preference for B over C.
D) If A is preferred to C, then there exists B such that A is preferred to B and C is preferred to A.
Correct Answer:

Verified
Correct Answer:
Verified
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