Which of the Following Is True

Multiple Choice

Which of the following is true?

A) ​Economic reasoning implies that individuals will acquire all possible information about a choice before making it.
B) ​It is not rational for people to make decisions that could turn out to be mistaken.
C) ​Reducing information costs to consumers and suppliers could permit more intelligent market decisions and lead to greater satisfaction.
D) ​Occupational licensing laws generally act to protect misinformed consumers from getting shoddy services and enhances competition, leading to lower prices.