Question: What assumption expected utility theory does not make about people and firms? A People and firms are self-interested entities B People and firms try to

What assumption expected utility theory does not make about people and firms? A People and firms are self-interested entities B People and firms try to maximize their desired outcomes (utility for people and profits for firms) under resource constraints. C People can rank rationally possible outcomes and make independent decisions based on all relevant information to maximize their utilities. D People are irrational

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