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Ad libitum [116K]
3 years ago
7

Do you agree that monopolies weaken a market economy? Explain your answer in complete sentences using the A.C.E. method.

Social Studies
1 answer:
Mariana [72]3 years ago
6 0
Yes I agree because I had this wuiestion before you
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What are three generally excepted constructs of decision making each of us employs to make determinations.
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Answer:

(A) Rational decision making, bounded rationality, and intuition

Explanation:

Rational decision making is a multi-step process for making  choices between alternatives. The process ofrational decision making favors logic, objectivity, and analysis over subjectivity and insight.

Bounded rationality is the idea that in decision-making,rationality of individuals is limited by the information they have, the cognitive limitations of their minds, and the finite amount of time they have to make a decision.

Intuition is the ability to have a grasp on a situation or information without the need for reasoning. The opposite ofintuitive decision making is rational decision making, which is when individuals use analytics, facts and a step-by-step process to come to a decision.

Rational decision making, bounded rationality, and intuition plays an important role in making decisions.

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