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In behavioral economics, what does the Concorde effect illustrate? Group of answer choices The tendency to continue investing in a project due to the emotional

In behavioral economics, what does the Concorde effect illustrate? Group of answer choices The tendency to continue investing in a project due to the emotional or financial investment already made. The phenomenon where people always make decisions that maximize their utility The principle that individuals act in their own self-interest, aiming for wealth maximization. he tendency for people to act rationally by considering only future costs and benefits

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