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    Suppose That Dell Computers and Gateway Computers Are Very Close
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Suppose That Dell Computers and Gateway Computers Are Very Close

Question 137

Question 137

Essay

Suppose that Dell computers and Gateway computers are very close substitutes. Then the indifference curves between Dell computers and Gateway computers are almost straight lines. Is this analysis correct or incorrect? Explain.

Correct Answer:

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The analysis is correct. When two goods ...

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