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A Consumer Who Is Risk Averse Is Best Characterized as _______________

Question 53

Multiple Choice

A consumer who is risk averse is best characterized as _______________.


A) A consumer who may accept a risky prospect even if the expected gain is negative
B) A consumer who demands a positive expected gain as compensation for taking risk
C) A consumer who completely ignores risk and makes his/her decisions based solely on expected values
D) None of the above

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