Question: What are the three mistakes that consumers often make when making decisions? ignore non monetary opportunity costs unable to ignore sunk costs unable to ignore
What are the three mistakes that consumers often make when making decisions? ignore non monetary opportunity costs unable to ignore sunk costs unable to ignore marginal costs unrealistic about future behaviorsIn competitive equilibrium.. (choose all that apply) economic surplus is maximized deadweight loss is maximized marginal benefit = marginal cost everyone is better offIn competitive equilibrium.. (choose all that apply) economic surplus is maximized deadweight loss is maximized marginal benefit = marginal cost everyone is better off
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