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In Economics, We Observe That People Consistently Make Irrational Decisions

Question 51

Multiple Choice

In economics, we observe that people consistently make irrational decisions in certain situations and choose to do something even if the:


A) benefits outweigh the opportunity costs.
B) opportunity costs outweigh the benefits.
C) benefits outweigh the sunk costs.
D) sunk costs outweigh the opportunity costs.

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