Identify all five possible subsets of these outcomes

Reference no: EM133363837

Question: Mr. i holds the following preferences over outcomes w, x, y, and z: xPw, xPy, zPx, yPz, wPy, and wPz.

(a) Identify all five possible subsets of these outcomes that contain three or more outcomes. As an example, {w, x, y} is one of the five possible subsets. {w, x, z} is another.

(b) In which of these subsets can Mr. i identify his most preferred outcome?

Reference no: EM133363837

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