ECONOMICS
DEMAND
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Question
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A person is watching a particular movie for the third time this week. She says she gets less utility from seeing the movie the third time than she got from seeing it the second time. She is probably experiencing, with respect to this particular movie, the
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law of diminishing marginal returns.
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law of diminishing marginal utility.
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law of opportunity cost.
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law of increasing marginal utility.
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Explanation:
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