Which of the Following Statements Is (Are) Consistent with Rational

Multiple Choice

Which of the following statements is (are) consistent with rational addiction?
I. Most addicts are myopic-they don't consider the future when making decisions.
II. Addicts use hyperbolic discounting, placing too much emphasis on the immediate future.
III. Consumers of addictive substances consider the lifetime benefits of consumption as well as the lifetime costs.

A) I
B) II
C) I and II
D) III