A consumer says he prefers a Toyota automobile to a Ford and a Ford to a Jeep He also says he prefers a Jeep to a Toyota. Which basic assumption about preferences does this consumer violate?
A. More is better than less
B. Transitivity
C. All of the above
D. Completeness
Answers: 3
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A consumer says he prefers a Toyota automobile to a Ford and a Ford to a Jeep He also says he prefer...
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