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Demand and supply diagram.

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The French government has recently raised the retirement age, a decision which is opposed by a large fraction of the French public, especially French students. Use the supply and demand curve to provide an explanation for the opposition of students based on self-interest.

(b) To what extent should managers base their plans on the assumption that customers and suppliers are self-interested? Does it matter? Give examples.

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The French government has recently raised the retirement age, a decision which is
opposed by a large fraction of the French public, especially French students. Use the
supply and demand curve to provide an explanation for the opposition of students
based on self-interest.
Students are opposed to this move solely because their self-interests are playing a major role in the opposition. By increasing the retirement age, it means that older people would stay longer at their ...

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