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dangina [55]
2 years ago
5

Economically rational means that consumers and firms

Business
1 answer:
Lena [83]2 years ago
5 0

Answer:

D, Take actions that are appropriate to reach goals given available information.

Explanation:

Rational in economics can be said to be a situation where an individual or company takes the best decisions to reach his/her or its goals.

This could also mean that the ability to make a decision that maximizes the accomplishment or benefits for an individual.

cheers.

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A group of sellers who agree to restrict their collective output in order to drive up prices above marginal costs is known as a:

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According to the given question, we are asked to show the term which can be best used to <em>describe </em>a group of sellers who make an agreement to <em>reduce their collective output</em> so that price of goods would increase above their marginal costs.

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