The ________ portrays a world of perfect competition in which the consumer is characterized as making rational decisions.
A) economic consumer model
B) passive consumer model
C) cognitive consumer model
D) emotional consumer model
E) routinized consumer model

Question

Quizplus · Accepted Answer

The economic consumer model is based on the assumption of perfect competition, where consumers are rational decision-makers who seek to maximize their utility.

The ________ Portrays a World of Perfect Competition in Which