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Indicate whether the statement is true or false, and justify your answer.Contrary to the predictions of welfare economics, people are willing to pay to have constraints place on themselves.

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter19: Building Theories To Explain Eveday Life: From Observations To Questions To Theories To Predictions

Section19.6: Observation/thought 4: Criminals Are Not Rational

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Indicate whether the statement is true or false, and justify your answer.
Contrary to the predictions of welfare economics, people are willing to pay to have constraints place on themselves.

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