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Because information is costly to acquire, a ) people will rationally choose not to become fully informed when making decisions. b ) people will generally
Because information is costly to acquire,
a people will rationally choose not to become fully informed when making decisions.
b people will generally choose to become as fully informed as possible when making decisions.
C people will generally choose to acquire no information that would be relevant to their decisions.
d people will generally pay a lot of money to become fully informed when making decisions.
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