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    Managerial Economics and Strategy Study Set 2
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    Exam 1: Introduction
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    If a Theory's Predictions Are Incorrect
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If a Theory's Predictions Are Incorrect

Question 20

Question 20

Multiple Choice

If a theory's predictions are incorrect,


A) then economists always reject it.
B) then the data used was clearly faulty.
C) then economists will likely reduce their confidence in the theory.
D) then the model must be too simple.

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