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People Are Rational
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People Are Rational
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0. Basic Principles of Economics / People Are Rational / Problem 1
Problem 1
What is a potential implication of assuming rational behavior in economic decision-making?
A
It ensures that all market participants have equal outcomes.
B
It can lead to efficient resource allocation.
C
It guarantees that all decisions will be profitable.
D
It eliminates the need for government intervention.
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