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    Exam 14: Transaction Costs, Imperfect Information, and Behavioral Economics
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    Managers Experience Bounded Rationality When They Focus Narrowly on Maximizing
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Managers Experience Bounded Rationality When They Focus Narrowly on Maximizing

Question 174

Question 174

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Managers experience bounded rationality when they focus narrowly on maximizing their firm's profits and ignore the broader perspective of society's preferences.

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