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    Exam 17: Choice and Markets in the Presence of Risk
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    The Independence Axiom Implies That If I Prefer a Bottle
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The Independence Axiom Implies That If I Prefer a Bottle

Question 20

Question 20

True/False

The independence axiom implies that if I prefer a bottle of wine over a six pack of beer I will prefer half a bottle of wine with a bag of pretzels over half a sixpack of beer with a bag of pretzels.

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