In a perfectly competitive market some people have a, Microeconomics

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In a perfectly competitive market some people have a

In a perfectly competitive market, some people have a positive marginal rate of time preference (MRTP), and others have a negative MRTP. Define MRTP (positive and negative) and explain how the utility maximizing MRTP will be determined in this perfectly competitive market.

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Microeconomics: In a perfectly competitive market some people have a

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