Author Question: Economic decision making recognizes that A) all choices have benefits and costs. B) benefits are ... (Read 66 times)

EY67 · **on:** Jun 30, 2018

Economic decision making recognizes that
A) all choices have benefits and costs.
B) benefits are largely free while costs are not.
C) costs are controllable but benefits are not measurable.
D) prices do not reflect all information known to managers.
E) resources and wants are limited.

Question 2

Whether a dominant strategy is an optimal strategy for a firm depends upon the actions of competitors.
a. True
b. False
Indicate whether the statement is true or false