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Explain what economists mean by rational choice. A rational choice is_______. A. best for the person making that choice in the long run but not
Explain what economists mean by rational choice.
A rational choice is_______.
A.
best for the person making that choice in the long run but not in the short run
B.
best for the person making that choice in the short run but not in the long run
C.
always the right choice
D.
one that compares costs and benefits and achieves the greatest benefit over cost for the person making the choice
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