Studies of human decision-making show that
A) firms are less likely to maximize profits than consumers are to maximize utility.
B) firms are more likely to maximize profits than consumers are to maximize utility.
C) people are irrational more often than they are rational.
D) people are reluctant to change their minds.
Correct Answer:
Verified
Q165: Table 22-4 Q166: Table 22-4 Q167: Table 22-5 Q168: The median-voter theorem explains why Q169: Which of the following is an example Q171: When economists assume that people are rational, Q172: The Borda count fails to satisfy which Q173: The median voter's preferred outcome is the Q174: Majority rule will produce the outcome most Q175: An implication of the median voter theorem
The following table shows the
A)politicians take extreme
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