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All of the following are assumptions of both market and public-sector decision making EXCEPT: Part 2 A. Decisions are based on majority rule. B. Choices
All of the following are assumptions of both market and public-sector decision making EXCEPT: Part 2 A. Decisions are based on majority rule. B. Choices reflect incentives faced by decision makers. C. Opportunity costs exist in decisions. D. Decisions are motivated by individuals' self-interest
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Managerial Economics and Business Strategy
Authors: Michael Baye, Jeff Prince
8th edition
9780077802615, 73523224, 77802616, 978-0073523224
