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Which of the following was insight regarding optimal pricing that we gleaned from behavioral economics? Group of answer choices Expectations about products' prices don't matter
Which of the following was insight regarding optimal pricing that we gleaned from behavioral economics? Group of answer choices Expectations about products' prices don't matter for consumer behavior - all that matter's is the price they actually face. Consumers always act rationally in their consumption decisions. Default choices for consumers don't matter for their behavior. Make costs lump sum (integrate the costs into one cost) and separate all of the benefits of a purchase (separate the gains from an exchange)
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