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Paolo and Alfredo are twins who both want to open pizza restaurants. Their parents have always liked Alfredo best, and they buy two pizza ovens and give both to him. Unfortunately, Paolo must buy his own pizza ovens. Does Alfredo have a lower cost of producing pizza than Paolo does because Alfredo received his pizza ovens as a gift, while Paolo had to pay for his? Briefly explain.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91736748

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