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True or False & Explain: In exchange with price-setting power, when a player’s incentive compatibility constraint...

True or False & Explain: In exchange with price-setting power, when a player’s incentive compatibility constraint is satisfied, then the player’s participation constraint is automatically satisfied, and when a player’s participation constraint is satisfied, then the player’s incentive compatibility constraint is automatically satisfied.

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Rahul Sunny answered 2 years ago
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