In short-run decision making, the alternative with the lowest overall cost is always chosen.

Name: In short-run decision making, the alternative with the lowest overall cost is always chosen.
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Question

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In short-run decision making, the alternative with the lowest total cost may not always be chosen. Other factors such as available resources, time constraints, and external factors like market demand and competition may also affect the decision making process.

In Short-Run Decision Making, the Alternative with the Lowest Overall