Question: Section 1: Preference Relations (4 points each) 1. Lilly's preferences are complete and locally nonsatiated. How many of the following properties must Lilly's preferences also

complete and locally nonsatiated. How many of the following properties must Lilly's

Section 1: Preference Relations (4 points each) 1. Lilly's preferences are complete and locally nonsatiated. How many of the following properties must Lilly's preferences also display? Monotonicity Transitivity Symmetry Convexity P B. ON-O

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