Multiple Choice
According to the utility theory, if bundle A is preferred to B, and bundle B is preferred to C, then A is also preferred to C.Under no circumstances will the individual prefer C to A.Identify this assumption on preference.
A) Completeness
B) Rationality
C) More-is-better
D) Convexity
E) Monotonicity
Correct Answer:

Verified
Correct Answer:
Verified
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