Traditional economics is mainly theoretical

What are the main differences between traditional economics and behavioral economics? (in Traditional economics is mainly theoretical. Cl Behavioral economics does not take as a given that decision makers are rational. O Traditional economics assumes that decision makers are fully' informed. 18. Behavioral economics concepts such as the winner's curse, loss aversion, and endowment effects emanate from blends of which of the following social sciences? a. economics and philosophy b. economics and psychology C. economics and political science d. economics and sociology 24 0.010 19. As concerns the expression MP, *MR = MCL. a. fan discrimination affects the MR component b. players' innate physical ability influences the MP, component c. player salaries relate to the MC, component d. all of the above hold 370,000 how much 20. Which of the following accurately describes a bilateral monopoly situation? a. a monopoly union confronts a monopsony employer in a bargaining situation b. two monopsonistic employers compete for a single pool of labor c. two powerful firms control price and output in a product market d. none of the above