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When Making a Decision, It Is Often More Difficult to Identify

Question 59

Multiple Choice

When making a decision, it is often more difficult to identify the ______ associated with the decision because ______.


A) costs; an individual must weigh monetary costs and opportunity costs differently
B) costs; an individual should consider opportunity costs but ignore sunk costs
C) benefits; it is impossible to put a dollar value on benefits
D) benefits; individual people identify benefits while firms identify costs

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