1. Do we often fail to consider opportunity costs? Why are there only two options on the PPC? Is there a such thing as a free lunch? 2. Can anyone think of a situation where markets are actually efficient but do not seem fair?
1. Do we often fail to consider opportunity costs? Why are there only two options on the PPC? Is there a such thing as a free lunch? 2. Can anyone think of a situation where markets are actually efficient but do not seem fair?
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