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According to the Utility Theory, If Bundle a Is Preferred

Question 64

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

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