Utilities are generally well approximated by monetary payoffs for:
A)risk-averse individuals.
B)risk-preferring individuals.
C)small businesses.
D)large corporations.

Name: Utilities are generally well approximated by monetary payoffs for: A)risk-averse individuals. B)risk-preferring individuals. C)small businesses. D)large corporations.
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Large corporations often have diversified portfolios and resources, making monetary payoffs a good approximation of their utilities.

Utilities Are Generally Well Approximated by Monetary Payoffs For