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Suppose Joan Buys a New Refrigerator to Replace Her Old

Question 154

Multiple Choice

Suppose Joan buys a new refrigerator to replace her old one that suddenly quit working.If Joan buys the model on closeout sale and doesn't take time to do research on repair records and energy efficiency of various other models,she is using:


A) status quo decision making.
B) bounded rationality.
C) marginal analysis.
D) risk aversion.

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