If buyers are irrational then:

Name: If buyers are irrational then:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

If buyers are irrational, they may not make rational choices that maximize their own utility. This can lead to market inefficiencies, such as overconsumption of certain goods or underproduction of others, which can lead to market failures. Free market solutions may not be able to address such market failures effectively, as they assume rational decision-making by all parties involved.

If Buyers Are Irrational Then