Which of the following is not a common mistake made by consumers?
A)The failure to take into account the implicit costs of an activity
B)The failure to ignore sunk costs
C)Being overly optimistic about their future behaviour
D)Being overly pessimistic about their future behaviour

Question

Quizplus · Accepted Answer

Consumers are typically overly optimistic about their future behavior, such as underestimating future expenses or overestimating their ability to save, rather than being overly pessimistic.

Which of the Following Is Not a Common Mistake Made