Question: Rational Ignorance is what? a ) When consumers stop seeking information on a prospective purchase because the expected cost of the additional search / information

Rational Ignorance is what?
a) When consumers stop seeking information on a prospective purchase because the expected cost of the additional search/information exceeds the expected benefits.
b) The change in total cost resulting from a one-unit change in the level of output.
c) Individuals choose to limit their demand for goods and services voluntarily to save money.
d) A technique used to determine the best or most favorable outcome in a particular situation.
e) A maximum price established by law, contract, or agreement.
Rational Ignorance is what? a ) When consumers

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