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Say and Cantillon Launched the Notion of Subjective Utility

Question 7

Multiple Choice

Say and Cantillon launched the notion of subjective utility. This states that:


A) the utility the customer perceives affects the value and thus the price of a good
B) the subjective should not be taken into consideration when setting the price
C) price is a subjective experience
D) production costs define the price of a good

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