1- Define what it means for preferences to be- (a) Reflexive (b) Monot.docx

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1. Define what it means for preferences to be: (a) Reflexive (b) Monotonic (c) Convex (d) Strictly Convex (e) Complete (f) Transitive You may use the notation of preference relations ( , , ) , diagrams, and/or examples to illustrate the concept wherever necessary. .

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