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Which of the following is a true statement about bounded rationality? Multiple Choice It is the act of choosing an alternative that meets the minimum

Which of the following is a true statement about bounded rationality? Multiple Choice It is the act of choosing an alternative that meets the minimum standards of acceptability. It occurs when we rely on intuition instead of data. It is our tendency to find the simplest possible solution to a problem. It is the main cause of the recency syndrome

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