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    Microeconomics Study Set 40
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    Exam 9: Decision Making by Individuals and Firms
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    The Willingness to Sacrifice Some Economic Payoff in Order to Avoid
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The Willingness to Sacrifice Some Economic Payoff in Order to Avoid

Question 19

Question 19

Essay

The willingness to sacrifice some economic payoff in order to avoid a potential loss is:
A.irrational behavior.
B.bounded rationality.
C.the result of a concern about fairness.
D.risk aversion.

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