Examlex
Multiply and simplify.
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Violates WARP
Deviating from the Weak Axiom of Revealed Preference, indicating inconsistencies in consumer choice under the assumption of rational behavior.
Bundle
A combination of goods or services sold together as a single package, often for a price lower than the sum of their individual costs.
Initial Endowment
An economic term for the total amount of resources an individual, entity, or economy has available at the start.
Health Care Reform
Legislation and policy efforts aimed at improving the health care system, which can include changes to healthcare coverage, delivery systems, or financing mechanisms.
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