iMyself wrote:
Which of the following best completes the passage below?
According to neoclassical economics, people have rational preferences which can be ordered based on their value, or utility, to the individual. All people act to maximize utility and are assumed to make decisions based on full information. Businesses, on the other hand, seek to maximize profits. If these premises are true____________
A. People do not engage in irrational actions.
B. Businesses do not order their preferences based on value.
C.
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