Question: Knowledge is derived from a tautology when something is true because you assume it is true. In this chapter, you have learned the conditions under

Knowledge is derived from a tautology when something is true because you assume it is true. In this chapter, you have learned the conditions under which supply and demand explain outcomes. Yet, as your text author cautions, these conditions may not hold. How can you be sure if they ever hold? (Institutionalist)

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