Question: 1). Identify a personal economic decision that was driven by a behavioral bias rather than by pure rational behavior. Given your understanding of behavioral economics,

1). Identify a personal economic decision that was driven by a behavioral bias rather than by pure rational behavior. Given your understanding of behavioral economics, how would your decision differ today?

2). What is the correlation between, and evidence behind, market concentration and price levels? Do you find any relationship between lack of competition and other economic variables? Use at least one article from The Wall Street Journal, or another scholarly reference, to support your response. What are the ethical ramifications of market concentration?

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