Question 28 Not yet Burdett and Coles (2001) present a model in which individuals answered can invest in their "charm" in order to change their marriage Marked out of 3.00 class. Flag question Are the following statements true or false? (All statements must be correctly classified as true or false, any incorrect classi- fication leads to zero points True False O O The model suggests two equilibria, either everyone self-improves or nobody self-improves.True False Time left 0:4 O O The model suggests two equilibria, either everyone self-improves or nobody self-improves. O O Individuals do not take into account that self-improvement creates utility for a future partner and thus an underinvest- ment externality may arise. O O The Scottish equilibrium induces social welfare losses due to desertion externalities. O O Self improvement can give rise to a desertion externality. People who before self-improvement would have been accept- able partners may now be rejected by self-improvers