A) $400,000
B) $20,000
C) $19,000
D) $5,000
E) $399,980
Ch1. Because information is costly to acquire, how does the cost change decision making?
What will be an ideal response?
People will rationally choose not to become fully informed when making decisions.
Economics
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a. private and club
b. private and common
c. public and common
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