What do economists mean by the saying, “There is no such thing as a free lunch?” How does it apply to ads such as, “Buy 3 tires and get the 4th free”, or “All fans in attendance get a free Padres cap”?
What do economists mean by the saying, "There is no such thing as a free lunch?" How does it apply to ads such as, "Buy 3 tires and get the 4th free", or "All fans in…
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